Topaz Energy (TSE:TPZ) PT Raised to C$26.00

Topaz Energy (TSE:TPZ) had its target price lifted by equities researchers at CIBC from C$24.00 to C$26.00 in a report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 16.07% from the stock’s current price.

TPZ has been the subject of a number of other reports. Canaccord Genuity Group lifted their price objective on Topaz Energy from C$27.50 to C$28.50 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Raymond James lowered their price objective on Topaz Energy from C$27.00 to C$25.00 and set a “strong-buy” rating for the company in a research report on Friday, January 19th. ATB Capital lowered their price objective on Topaz Energy from C$32.00 to C$30.00 in a research report on Tuesday, January 2nd. Scotiabank lowered their price objective on Topaz Energy from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. Finally, Jefferies Financial Group set a C$23.00 price objective on Topaz Energy and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Topaz Energy has a consensus rating of “Buy” and an average target price of C$26.86.

Topaz Energy Stock Performance

Shares of TSE:TPZ opened at C$22.40 on Monday. Topaz Energy has a twelve month low of C$18.03 and a twelve month high of C$23.17. The firm has a market cap of C$3.24 billion, a PE ratio of 67.88 and a beta of 0.48. The company has a debt-to-equity ratio of 31.49, a quick ratio of 7.17 and a current ratio of 8.52. The business has a fifty day moving average of C$21.42 and a 200-day moving average of C$20.44.

Topaz Energy (TSE:TPZ) last announced its earnings results on Monday, March 4th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.07. Topaz Energy had a return on equity of 3.66% and a net margin of 14.82%. The company had revenue of C$82.78 million during the quarter, compared to analyst estimates of C$79.00 million. On average, equities research analysts predict that Topaz Energy will post 0.2818351 EPS for the current fiscal year.

Insider Buying and Selling at Topaz Energy

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total value of C$4,470,000.00. Company insiders own 35.55% of the company’s stock.

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.