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

Topaz Energy (TSE:TPZ - Get Free Report) had its price objective increased by investment analysts at Scotiabank from C$34.00 to C$35.00 in a note issued to investors on Tuesday, BayStreet.CA reports. Scotiabank's price objective would suggest a potential upside of 29.44% from the stock's current price.

TPZ has been the subject of a number of other research reports. Jefferies Financial Group raised their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research report on Monday, July 15th. National Bankshares lifted their price target on shares of Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. TD Securities upped their price objective on shares of Topaz Energy from C$27.00 to C$28.00 in a research note on Tuesday, October 1st. BMO Capital Markets lifted their target price on shares of Topaz Energy from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research note on Tuesday, July 30th. Finally, Canaccord Genuity Group lifted their price objective on Topaz Energy from C$29.00 to C$29.50 and gave the company a "buy" rating in a research report on Tuesday, July 30th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Topaz Energy has an average rating of "Buy" and a consensus price target of C$29.29.

Topaz Energy Stock Performance

TPZ traded down C$0.03 during trading hours on Tuesday, hitting C$27.04. The company's stock had a trading volume of 220,259 shares, compared to its average volume of 269,971. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$27.78. The firm has a market capitalization of C$3.92 billion, a PE ratio of 73.59 and a beta of 0.50. The company has a 50-day simple moving average of C$26.12 and a 200 day simple moving average of C$24.38. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52.

Topaz Energy (TSE:TPZ - Get Free Report) last released its earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.05. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The company had revenue of C$78.41 million for the quarter, compared to analysts' expectations of C$80.00 million. As a group, sell-side analysts expect that Topaz Energy will post 0.2019855 EPS for the current year.

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.