Topaz Energy (TSE:TPZ) Given a C$34.00 Price Target at Raymond James

Topaz Energy (TSE:TPZ) received a C$34.00 price target from analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 26.11% from the stock’s previous close. Raymond James also issued estimates for Topaz Energy’s FY2024 earnings at $0.37 EPS.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group upped their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Monday, July 15th. BMO Capital Markets upped their price target on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Desjardins upped their price target on Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. CIBC upped their price target on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upped their price target on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Topaz Energy has a consensus rating of “Moderate Buy” and an average price target of C$30.79.

Topaz Energy Trading Up 0.4 %

TPZ stock opened at C$26.96 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 7.17 and a debt-to-equity ratio of 37.52. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$27.78. The stock has a market cap of C$3.91 billion, a price-to-earnings ratio of 72.86 and a beta of 0.50. The business’s 50-day moving average is C$26.25 and its 200 day moving average is C$24.57.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The company had revenue of C$78.41 million for the quarter, compared to analysts’ expectations of C$80.00 million. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. On average, sell-side analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Topaz Energy Company Profile

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.