Topaz Energy (TSE:TPZ) PT Raised to C$27.00

Topaz Energy (TSE:TPZ) had its price objective hoisted by equities research analysts at Stifel Nicolaus from C$25.00 to C$27.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 21.40% from the stock’s current price.

TPZ has been the topic of several other research reports. Jefferies Financial Group set a C$23.00 price objective on Topaz Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. TD Securities boosted 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 report on Tuesday, March 5th. National Bankshares dropped their price objective on shares of Topaz Energy from C$30.00 to C$27.50 and set an “outperform” rating on the stock in a research note on Wednesday, January 10th. Canaccord Genuity Group lifted their price objective on shares of Topaz Energy from C$27.50 to C$28.50 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Desjardins lowered their target price on Topaz Energy from C$27.50 to C$26.50 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$26.86.

Topaz Energy Price Performance

Topaz Energy stock opened at C$22.24 on Tuesday. The firm’s fifty day moving average is C$21.50 and its 200 day moving average is C$20.45. Topaz Energy has a 52-week low of C$18.03 and a 52-week high of C$23.17. The company has a quick ratio of 7.17, a current ratio of 8.52 and a debt-to-equity ratio of 31.49. The company has a market cap of C$3.22 billion, a price-to-earnings ratio of 67.82 and a beta of 0.48.

Topaz Energy (TSE:TPZ) last released its earnings results on Monday, March 4th. The company reported C$0.13 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$82.78 million for the quarter, compared to the consensus estimate of C$79.00 million. Sell-side analysts forecast that Topaz Energy will post 0.2818351 EPS for the current fiscal year.

Insider Buying and Selling

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the stock in a transaction dated 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. 35.55% of the stock is owned by company insiders.

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.