Topaz Energy (TSE:TPZ) Given New C$27.00 Price Target at Jefferies Financial Group

Topaz Energy (TSE:TPZ) had its target price boosted by Jefferies Financial Group from C$25.00 to C$27.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 8.70% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of Topaz Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Stifel Nicolaus upped their price target on shares of 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. CIBC upped their price target on shares of Topaz Energy from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. TD Securities upped their price target on shares of Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Canaccord Genuity Group upped their price target on shares of Topaz Energy from C$27.50 to C$28.50 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Topaz Energy presently has a consensus rating of “Buy” and a consensus target price of C$27.67.

Topaz Energy Trading Up 1.2 %

TSE TPZ opened at C$24.84 on Wednesday. The company has a quick ratio of 7.17, a current ratio of 2.47 and a debt-to-equity ratio of 30.43. The firm has a market cap of C$3.60 billion, a PE ratio of 77.63 and a beta of 0.50. The company has a 50 day moving average price of C$22.92 and a 200 day moving average price of C$21.34. Topaz Energy has a 52 week low of C$18.03 and a 52 week high of C$24.95.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The firm had revenue of C$70.88 million for the quarter, compared to the consensus estimate of C$78.00 million. Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. As a group, sell-side analysts forecast that Topaz Energy will post 0.198902 EPS 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.