Topaz Energy (TSE:TPZ – Get Free Report) had its target price boosted by analysts at Royal Bank of Canada from C$26.00 to C$27.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 17.80% from the stock’s previous close.
TPZ has been the subject of a number of other research reports. Canaccord Genuity Group upped their price objective on shares of Topaz Energy from C$27.50 to C$28.50 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Raymond James lowered their price objective on shares of Topaz Energy from C$27.00 to C$25.00 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. TD Securities upped their price objective on shares of Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Desjardins lowered their price objective on shares of Topaz Energy from C$27.50 to C$26.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Finally, Scotiabank lowered their target price on Topaz Energy from C$32.00 to C$30.00 and set an “outperform” rating for the company in a report on Tuesday, January 16th. Ten analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Topaz Energy currently has an average rating of “Buy” and an average price target of C$26.88.
Check Out Our Latest Stock Analysis on TPZ
Topaz Energy Trading Down 0.8 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, March 4th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.07. Topaz Energy had a return on equity of 3.66% and a net margin of 14.82%. The company had revenue of C$82.78 million for the quarter, compared to the consensus estimate of C$79.00 million. On average, equities research analysts anticipate that Topaz Energy will post 0.2818351 EPS for the current year.
Insider Activity
In other news, Director Stephen Phillip Larke sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total value of C$4,470,000.00. 35.55% of the stock is owned by corporate insiders.
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.
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