Topaz Energy (TSE:TPZ – Get Free Report) had its target price boosted by equities researchers at Royal Bank of Canada from C$26.00 to C$27.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 21.24% from the stock’s current price.
Several other research analysts also recently commented on the stock. Jefferies Financial Group set a C$23.00 price target on shares of Topaz Energy and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Raymond James lowered their target price on shares of Topaz Energy from C$27.00 to C$25.00 and set a “strong-buy” rating for the company in a research note on Friday, January 19th. National Bankshares lowered their target price on shares of Topaz Energy from C$30.00 to C$27.50 and set an “outperform” rating for the company in a research note on Wednesday, January 10th. CIBC lifted their price objective on shares of Topaz Energy from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Finally, TD Securities lifted their price objective on shares of Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Topaz Energy presently has a consensus rating of “Buy” and a consensus target price of C$26.88.
View Our Latest Report on Topaz Energy
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings data on Monday, March 4th. The company reported C$0.13 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.07. Topaz Energy had a net margin of 14.62% and a return on equity of 3.62%. The business had revenue of C$82.78 million during the quarter, compared to analyst estimates of C$79.00 million. Analysts anticipate that Topaz Energy will post 0.2575141 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of Topaz Energy stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$22.35, for a total transaction of C$4,470,000.00. 35.67% of the stock is owned by insiders.
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.
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