Raymond James Analysts Give Topaz Energy (TSE:TPZ) a C$34.00 Price Target

Topaz Energy (TSE:TPZ - Get Free Report) has been given a C$34.00 price objective by Raymond James in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James' target price suggests a potential upside of 26.68% from the company's previous close.

Several other brokerages have also recently issued reports on TPZ. BMO Capital Markets lifted their price objective on 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. Canaccord Genuity Group lifted their price target on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday, October 23rd. Jefferies Financial Group increased their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company a "buy" rating in a research report on Monday, July 15th. National Bankshares raised their price target on 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, TD Securities upped their price objective on Topaz Energy from C$28.00 to C$30.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.79.

Topaz Energy Trading Up 1.0 %

Shares of TPZ stock traded up C$0.27 during trading hours on Tuesday, hitting C$26.84. The company had a trading volume of 149,544 shares, compared to its average volume of 268,566. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two 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's fifty day moving average is C$26.23 and its 200 day moving average is C$24.54. The stock has a market capitalization of C$3.89 billion, a PE ratio of 72.54 and a beta of 0.50.

Topaz Energy (TSE:TPZ - Get Free Report) last announced its earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of C$80.00 million. Research 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.