Topaz Energy (TSE:TPZ) PT Raised to C$27.00 at Stifel Nicolaus

Topaz Energy (TSE:TPZ) had its price target raised by investment analysts at Stifel Nicolaus from C$25.00 to C$27.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 21.40% from the stock’s previous close.

TPZ has been the subject of several other reports. CIBC raised their price target on shares of Topaz Energy from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Monday. TD Securities lifted their price target 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. Jefferies Financial Group set a C$23.00 price objective 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 Topaz Energy from C$27.00 to C$25.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 19th. Finally, Desjardins reduced their price target on Topaz Energy from C$27.50 to C$26.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Topaz Energy presently has a consensus rating of “Buy” and an average price target of C$26.86.

Topaz Energy Price Performance

TPZ stock opened at C$22.24 on Tuesday. The stock has a 50-day moving average price of C$21.50 and a two-hundred day moving average price of C$20.45. Topaz Energy has a 1 year low of C$18.03 and a 1 year high of C$23.17. The stock has a market cap of C$3.22 billion, a PE ratio of 67.82 and a beta of 0.48. The company has a current ratio of 8.52, a quick ratio of 7.17 and a debt-to-equity ratio of 31.49.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, March 4th. The company reported C$0.13 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.07. Topaz Energy had a return on equity of 3.66% and a net margin of 14.82%. The company had revenue of C$82.78 million during the quarter, compared to analysts’ expectations of C$79.00 million. Equities analysts forecast that Topaz Energy will post 0.2818351 EPS for the current fiscal year.

Insider Transactions at Topaz Energy

In related news, Director Stephen Phillip Larke sold 200,000 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total value of C$4,470,000.00. 35.55% of the stock is currently owned by corporate insiders.

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.