Topaz Energy (TSE:TPZ) Price Target Raised to C$33.50

Topaz Energy (TSE:TPZ) had its target price increased by Canadian Imperial Bank of Commerce from C$29.00 to C$33.50 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Raymond James Financial lifted their target price on shares of Topaz Energy from C$32.00 to C$34.00 in a research note on Tuesday, December 9th. ATB Cormark Capital Markets lifted their price objective on shares of Topaz Energy from C$31.00 to C$33.00 and gave the company a “moderate buy” rating in a research note on Wednesday. Jefferies Financial Group lowered their target price on shares of Topaz Energy from C$31.00 to C$30.00 in a report on Tuesday, January 20th. Scotiabank raised Topaz Energy to a “strong-buy” rating in a report on Friday, November 28th. Finally, National Bank Financial set a C$33.50 price target on Topaz Energy and gave the company an “outperform” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, Topaz Energy currently has a consensus rating of “Buy” and a consensus target price of C$33.28.

Topaz Energy Stock Up 0.4%

TPZ stock opened at C$31.16 on Wednesday. The stock has a fifty day moving average of C$28.26 and a 200-day moving average of C$26.80. Topaz Energy has a fifty-two week low of C$21.00 and a fifty-two week high of C$31.42. The company has a market capitalization of C$4.79 billion, a price-to-earnings ratio of 84.22 and a beta of 0.27. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89.

Topaz Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.34 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.36 annualized dividend and a yield of 4.4%. Topaz Energy’s dividend payout ratio is currently 362.16%.

Key Stories Impacting Topaz Energy

Here are the key news stories impacting Topaz Energy this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$34.00 and kept an “outperform” rating—adding upward pressure on the stock. Topaz Energy (TSE:TPZ) Given New C$34.00 Price Target at Royal Bank Of Canada
• Positive Sentiment: Canaccord Genuity lifted its target to C$35.00, the highest published target in this batch, highlighting stronger upside expectations. Canaccord Genuity Group Increases Topaz Energy (TSE:TPZ) Price Target to C$35.00
• Positive Sentiment: Canadian Imperial Bank of Commerce boosted its target to C$33.50, another mid‑30s endorsement that supports continued buying interest. Canadian Imperial Bank of Commerce Boosts Topaz Energy (TSE:TPZ) Price Target to C$33.50
• Positive Sentiment: Desjardins raised its target to C$32.50 and issued a “buy”—another incremental upgrade cited by BayStreet that narrows downside risk. Topaz Energy had its price target raised by analysts at Desjardins
• Positive Sentiment: TD Securities, Raymond James and ATB Cormark published notes expecting price appreciation or raising targets/ratings, reinforcing the broad analyst consensus. Topaz Energy (TSE:TPZ) Stock Price Expected to Rise, TD Securities Analyst Says Topaz Energy (TSE:TPZ) Stock Price Expected to Rise, Raymond James Financial Analyst Says ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Topaz Energy (TSE:TPZ) Stock
• Positive Sentiment: Coverage notes that Topaz hit a new one‑year high after these upgrades, which can trigger momentum buying and stop‑run activity. Topaz Energy (TSE:TPZ) Sets New 1-Year High Following Analyst Upgrade
• Neutral Sentiment: Analysis pieces discuss evolving valuation assumptions and narrative updates—useful for medium‑term investors but less likely to move intraday beyond the analyst headlines. How The Topaz Energy (TSX:TPZ) Narrative Is Evolving With New Targets And Valuation Assumptions
• Negative Sentiment: Valuation and fundamentals pose caution: TPZ’s trailing PE (~84x) is high versus peers, which could cap upside if earnings don’t accelerate to justify the new targets. (Background data: market cap, leverage and liquidity metrics.)

Topaz Energy Company Profile

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.