Topaz Energy (TSE:TPZ) PT Raised to C$32.50

Topaz Energy (TSE:TPZ) had its price target raised by equities researchers at National Bankshares from C$28.50 to C$32.50 in a research report issued on Monday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 24.57% from the company’s current price.

TPZ has been the subject of several other reports. CIBC boosted their price target on Topaz Energy from C$27.00 to C$30.00 in a research note on Monday, July 15th. Royal Bank of Canada upped their target price on Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Desjardins upped their target price on Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Stifel Nicolaus increased their price target on Topaz Energy from C$25.00 to C$27.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Canaccord Genuity Group increased their price target on Topaz Energy from C$29.00 to C$29.50 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$28.96.

Topaz Energy Stock Up 0.2 %

Shares of Topaz Energy stock opened at C$26.09 on Monday. The business’s 50 day simple moving average is C$24.58 and its 200 day simple moving average is C$22.71. Topaz Energy has a 52-week low of C$18.03 and a 52-week high of C$26.28. The firm has a market cap of C$3.78 billion, a PE ratio of 70.51 and a beta of 0.51. The company has a debt-to-equity ratio of 37.52, a quick ratio of 7.17 and a current ratio of 2.12.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share 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 analyst estimates of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. On average, analysts predict that Topaz Energy will post 0.1817651 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.