Topaz Energy (TSE:TPZ) Raised to "Moderate Buy" at Raymond James

Topaz Energy (TSE:TPZ - Get Free Report) was upgraded by analysts at Raymond James to a "moderate buy" rating in a research report issued on Monday, Zacks.com reports. Raymond James also issued estimates for Topaz Energy's FY2024 earnings at $0.37 EPS.

Several other research firms have also weighed in on TPZ. BMO Capital Markets increased their price target 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. Desjardins increased their target price on shares of Topaz Energy from C$30.00 to C$31.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada lifted their price target 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. Scotiabank increased their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group raised their target price 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$30.79.

Topaz Energy Stock Up 0.4 %

Shares of TPZ traded up C$0.12 during trading hours on Monday, reaching C$26.96. 163,157 shares of the stock traded hands, compared to its average volume of 268,064. Topaz Energy has a 52 week low of C$18.03 and a 52 week high of C$27.78. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. The stock has a fifty day simple moving average of C$26.25 and a 200 day simple moving average of C$24.57. The company has a market cap of C$3.91 billion, a price-to-earnings ratio of 72.86 and a beta of 0.50.

Topaz Energy (TSE:TPZ - Get Free Report) last posted its earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The firm had revenue of C$78.41 million for the quarter, compared to analysts' expectations 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 forecast 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.