Topaz Energy (TSE:TPZ) Price Target Raised to C$36.50

Topaz Energy (TSE:TPZ) had its price objective hoisted by investment analysts at BMO Capital Markets from C$35.50 to C$36.50 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 14.96% from the stock’s current price.

Several other research analysts have also recently weighed in on TPZ. TD upped their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Scotiabank raised shares of Topaz Energy to a “strong-buy” rating in a research note on Friday, June 26th. Raymond James Financial cut Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 target price for the company. in a report on Monday, March 30th. Finally, ATB Cormark Capital Markets lifted their price target on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$34.07.

Topaz Energy Trading Down 0.5%

TSE:TPZ traded down C$0.15 during trading hours on Tuesday, hitting C$31.75. The stock had a trading volume of 155,114 shares, compared to its average volume of 575,954. Topaz Energy has a one year low of C$24.37 and a one year high of C$33.91. The company has a debt-to-equity ratio of 35.87, a quick ratio of 7.17 and a current ratio of 2.93. The company has a market cap of C$4.91 billion, a price-to-earnings ratio of 36.49 and a beta of 0.35. The business’s 50 day moving average is C$31.57 and its 200-day moving average is C$30.63.

Topaz Energy (TSE:TPZ) last posted its earnings results on Monday, July 27th. The company reported C$0.29 earnings per share for the quarter. The firm had revenue of C$115.39 million for the quarter. Topaz Energy had a return on equity of 10.95% and a net margin of 45.79%. Sell-side analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

About Topaz Energy

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.