Topaz Energy (TSE:TPZ) Price Target Raised to C$35.00

Topaz Energy (TSE:TPZ) had its price objective increased by equities researchers at TD from C$34.00 to C$35.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would suggest a potential upside of 10.58% from the stock’s previous close.

A number of other research firms also recently issued reports on TPZ. Canaccord Genuity Group raised their price target on Topaz Energy from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. National Bank Financial set a C$33.50 price target on Topaz Energy and gave the stock an “outperform” rating in a research note on Friday, January 9th. ATB Cormark Capital Markets raised their price target on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada raised their price target on Topaz Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, Desjardins lifted their target price on Topaz Energy from C$31.00 to C$32.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$33.65.

Topaz Energy Stock Down 0.4%

TPZ stock traded down C$0.14 during mid-day trading on Wednesday, reaching C$31.65. The company had a trading volume of 415,540 shares, compared to its average volume of 624,844. The company has a debt-to-equity ratio of 37.54, a quick ratio of 7.17 and a current ratio of 11.26. The company has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 38.13 and a beta of 0.21. The firm has a fifty day simple moving average of C$31.00 and a 200 day simple moving average of C$28.59. Topaz Energy has a fifty-two week low of C$23.34 and a fifty-two week high of C$32.46.

Topaz Energy (TSE:TPZ) last issued its earnings results on Tuesday, May 5th. The company reported C$0.25 earnings per share for the quarter. Topaz Energy had a return on equity of 9.77% and a net margin of 39.18%.The business had revenue of C$88.66 million for the quarter. Analysts forecast that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

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.