National Bankshares Raises Topaz Energy (TSE:TPZ) Price Target to C$33.50

Topaz Energy (TSE:TPZ) had its price target lifted by investment analysts at National Bankshares from C$32.50 to C$33.50 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 23.12% from the company’s previous close.

TPZ has been the topic of several other reports. Royal Bank of Canada upped their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. TD Securities raised their target price on Topaz Energy from C$28.00 to C$30.00 and gave the stock a “buy” rating in a report on Wednesday. CIBC boosted their price target on Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday. Desjardins upped their price objective on Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, Scotiabank lifted their target price on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Topaz Energy currently has a consensus rating of “Buy” and a consensus price target of C$30.04.

Topaz Energy Stock Up 1.1 %

Shares of TPZ stock opened at C$27.21 on Wednesday. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$27.78. The firm has a market capitalization of C$3.94 billion, a PE ratio of 73.54 and a beta of 0.50. The stock’s 50-day simple moving average is C$26.19 and its 200-day simple moving average is C$24.45.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.05. The company had revenue of C$78.41 million during the quarter, compared to analyst estimates of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. Equities analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current year.

About Topaz Energy

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.