Topaz Energy (TSE:TPZ) Price Target Increased to C$31.00 by Analysts at Canaccord Genuity Group

Topaz Energy (TSE:TPZ) had its price objective upped by investment analysts at Canaccord Genuity Group from C$29.50 to C$31.00 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 13.93% from the stock’s current price.

Other research analysts have also issued reports about the company. BMO Capital Markets raised their price target on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Royal Bank of Canada raised their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 3rd. TD Securities upped their price target on shares of Topaz Energy from C$27.00 to C$28.00 in a research note on Tuesday, October 1st. CIBC increased their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a report on Wednesday. Finally, National Bankshares boosted their target price on Topaz Energy from C$28.50 to C$32.50 in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$30.04.

Topaz Energy Price Performance

Shares of TSE:TPZ opened at C$27.21 on Wednesday. The firm’s 50 day moving average is C$26.19 and its two-hundred day moving average is C$24.45. The firm has a market capitalization of C$3.94 billion, a P/E ratio of 73.54 and a beta of 0.50. 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 52 week low of C$18.03 and a 52 week high of C$27.78.

Topaz Energy (TSE:TPZ) last posted its earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.05. The firm 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%. Analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current 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.