Topaz Energy (TSE:TPZ) Price Target Raised to C$32.00

Topaz Energy (TSE:TPZ - Get Free Report) had its price objective raised by stock analysts at CIBC from C$31.00 to C$32.00 in a report issued on Friday,BayStreet.CA reports. CIBC's price target would indicate a potential upside of 17.99% from the stock's current price.

A number of other research firms have also weighed in on TPZ. TD Securities raised their price objective on Topaz Energy from C$28.00 to C$30.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their price target on Topaz Energy from C$30.00 to C$32.00 in a report on Wednesday, November 6th. ATB Capital cut shares of Topaz Energy from an "overweight" rating to a "neutral" rating and upped their price target for the stock from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. National Bankshares raised their price objective on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Finally, Desjardins lifted their target price on shares of Topaz Energy from C$30.00 to C$31.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Topaz Energy has a consensus rating of "Moderate Buy" and a consensus target price of C$31.54.

Topaz Energy Stock Up 0.4 %

TPZ traded up C$0.10 during midday trading on Friday, reaching C$27.12. The company's stock had a trading volume of 324,653 shares, compared to its average volume of 401,529. Topaz Energy has a 1 year low of C$18.59 and a 1 year high of C$29.51. The stock's 50-day moving average is C$27.57 and its 200-day moving average is C$26.46. The firm has a market capitalization of C$3.93 billion, a price-to-earnings ratio of 73.30 and a beta of 0.50. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52.

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.