Topaz Energy (TSE:TPZ) Given New C$31.00 Price Target at Desjardins

Topaz Energy (TSE:TPZ - Get Free Report) had its price objective hoisted by research analysts at Desjardins from C$30.00 to C$31.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Desjardins' price objective would indicate a potential upside of 15.16% from the stock's current price.

TPZ has been the subject of several other research reports. National Bankshares raised their target price on Topaz Energy from C$32.50 to C$33.50 and gave the stock an "outperform" rating in a research note on Wednesday. BMO Capital Markets raised their price objective on shares of Topaz Energy from C$29.00 to C$30.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Royal Bank of Canada upped their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a report on Wednesday, July 3rd. Jefferies Financial Group raised their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company a "buy" rating in a report on Monday, July 15th. Finally, CIBC increased their price objective on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of C$30.04.

Topaz Energy Stock Performance

Shares of TPZ traded down C$0.12 during trading hours on Wednesday, hitting C$26.92. The company's stock had a trading volume of 205,153 shares, compared to its average volume of 269,655. The business has a 50 day simple moving average of C$26.15 and a two-hundred day simple moving average of C$24.41. Topaz Energy has a 52-week low of C$18.03 and a 52-week high of C$27.78. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17. The company has a market cap of C$3.90 billion, a price-to-earnings ratio of 72.46 and a beta of 0.50.

Topaz Energy (TSE:TPZ - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating analysts' consensus estimates of C$0.07 by C$0.05. The business had revenue of C$78.41 million during the quarter, compared to analyst estimates of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. On average, equities analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

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.