Topaz Energy (TSE:TPZ – Get Free Report) had its price target raised by research analysts at CIBC from C$26.00 to C$27.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 8.70% from the company’s previous close.
TPZ has been the subject of several other research reports. Stifel Nicolaus boosted their price objective on Topaz Energy from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada boosted their price objective on Topaz Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Jefferies Financial Group upped their price target on Topaz Energy from C$25.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday. Canaccord Genuity Group upped their price target on Topaz Energy from C$28.50 to C$29.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Securities upped their price target on Topaz Energy from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$27.67.
Get Our Latest Research Report on Topaz Energy
Topaz Energy Trading Up 1.2 %
Topaz Energy (TSE:TPZ – Get Free Report) last released 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 net margin of 14.29% and a return on equity of 3.62%. As a group, equities analysts expect that Topaz Energy will post 0.198902 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.
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