Topaz Energy (TSE:TPZ) Price Target Cut to C$30.00 by Analysts at Jefferies Financial Group

Topaz Energy (TSE:TPZ) had its target price decreased by Jefferies Financial Group from C$31.00 to C$30.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 9.33% from the company’s current price.

A number of other equities research analysts have also recently commented on TPZ. Scotiabank raised Topaz Energy to a “strong-buy” rating in a report on Friday, November 28th. Raymond James Financial upped their price target on shares of Topaz Energy from C$32.00 to C$34.00 in a research report on Tuesday, December 9th. Finally, National Bankshares set a C$33.50 price objective on Topaz Energy and gave the company an “outperform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$31.40.

Topaz Energy Trading Down 0.1%

Shares of TPZ stock traded down C$0.02 on Tuesday, hitting C$27.44. 183,523 shares of the company’s stock traded hands, compared to its average volume of 430,886. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The company’s fifty day simple moving average is C$27.46 and its 200 day simple moving average is C$26.11. The stock has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 74.16 and a beta of 0.16. Topaz Energy has a one year low of C$21.00 and a one year high of C$29.17.

Topaz Energy (TSE:TPZ) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$0.10 earnings per share for the quarter. Topaz Energy had a return on equity of 5.15% and a net margin of 20.54%.The company had revenue of C$76.44 million for the quarter. Equities analysts forecast that Topaz Energy will post 0.2019855 EPS for the current year.

Insider Buying and Selling at Topaz Energy

In other Topaz Energy news, Director Mike Rose bought 10,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of C$25.21 per share, with a total value of C$252,100.00. Following the completion of the acquisition, the director directly owned 443,470 shares of the company’s stock, valued at C$11,179,878.70. This represents a 2.31% increase in their ownership of the stock. 35.66% of the stock is currently owned by company insiders.

About Topaz Energy

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.