Topaz Energy (TSE:TPZ) Given New C$35.00 Price Target at Scotiabank

Topaz Energy (TSE:TPZ) had its price objective hoisted by stock analysts at Scotiabank from C$34.00 to C$35.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 30.01% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their target price 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. TD Securities upped their price objective on Topaz Energy from C$27.00 to C$28.00 in a research report on Tuesday, October 1st. Canaccord Genuity Group lifted their price objective on Topaz Energy from C$29.00 to C$29.50 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada upped their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Finally, National Bankshares lifted their price target on shares of Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Topaz Energy currently has a consensus rating of “Buy” and a consensus price target of C$30.04.

Topaz Energy Trading Down 0.4 %

Shares of TPZ stock opened at C$26.92 on Tuesday. The stock has a market cap of C$3.90 billion, a P/E ratio of 72.76 and a beta of 0.50. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52. Topaz Energy has a fifty-two week low of C$18.03 and a fifty-two week high of C$27.78. The business has a fifty day simple moving average of C$26.17 and a 200-day simple moving average of C$24.43.

Topaz Energy (TSE:TPZ) last posted its earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.05. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. The firm had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. On average, analysts forecast 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.