Royal Bank of Canada Boosts Topaz Energy (TSE:TPZ) Price Target to C$32.00

Topaz Energy (TSE:TPZ) had its target price increased by research analysts at Royal Bank of Canada from C$30.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 13.72% from the company’s previous close.

A number of other analysts also recently weighed in on TPZ. National Bankshares increased their target price on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. TD Securities increased their price objective on shares of Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. ATB Capital downgraded shares of Topaz Energy from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. Scotiabank increased their price target on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, CIBC lifted their price objective on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Topaz Energy has an average rating of “Moderate Buy” and a consensus price target of C$31.13.

Topaz Energy Stock Up 0.7 %

Shares of TPZ opened at C$28.14 on Wednesday. The stock’s 50-day moving average price is C$26.38 and its two-hundred day moving average price is C$24.77. Topaz Energy has a 12 month low of C$18.03 and a 12 month high of C$28.16. The company has a market capitalization of C$4.08 billion, a PE ratio of 76.05 and a beta of 0.50. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52.

Topaz Energy Company Profile

Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.