Topaz Energy (TSE:TPZ – Get Free Report) had its price target upped by equities research analysts at TD Securities from C$27.00 to C$28.00 in a research report issued on Tuesday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 7.57% from the company’s previous close.
A number of other brokerages have also issued reports on TPZ. Jefferies Financial Group boosted their price target on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Scotiabank boosted their price target on shares of Topaz Energy from C$33.00 to C$34.00 in a research note on Friday, July 12th. National Bankshares upped their target price on shares of Topaz Energy from C$28.50 to C$32.50 in a research report on Monday, August 19th. Royal Bank of Canada upped their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 3rd. Finally, Desjardins upped their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$29.21.
Check Out Our Latest Analysis on Topaz Energy
Topaz Energy Stock Up 0.7 %
Topaz Energy (TSE:TPZ – Get Free Report) last issued 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 the consensus estimate of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. Sell-side analysts predict that Topaz Energy will post 0.184685 earnings per share for the current 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.
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