Topaz Energy (TSE:TPZ) PT Raised to C$27.00 at Royal Bank of Canada

Topaz Energy (TSE:TPZ) had its price objective upped by equities research analysts at Royal Bank of Canada from C$26.00 to C$27.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 21.24% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. CIBC raised their price objective on Topaz Energy from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Desjardins decreased their price objective on shares of Topaz Energy from C$27.50 to C$26.50 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Raymond James decreased their price objective on shares of Topaz Energy from C$27.00 to C$25.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 19th. Canaccord Genuity Group boosted their target price on shares of Topaz Energy from C$27.50 to C$28.50 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Stifel Nicolaus boosted their target price on shares of Topaz Energy from C$25.00 to C$27.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$26.88.

Topaz Energy Price Performance

TPZ opened at C$22.27 on Tuesday. The company has a quick ratio of 7.17, a current ratio of 2.47 and a debt-to-equity ratio of 30.43. Topaz Energy has a 12 month low of C$18.03 and a 12 month high of C$23.17. The company has a fifty day simple moving average of C$21.87 and a 200 day simple moving average of C$20.50. The stock has a market cap of C$3.22 billion, a P/E ratio of 67.48 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 (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.07. The firm had revenue of C$82.78 million during the quarter, compared to analysts’ expectations of C$79.00 million. Topaz Energy had a return on equity of 3.62% and a net margin of 14.62%. On average, research analysts expect that Topaz Energy will post 0.2575141 EPS for the current year.

Insider Activity at Topaz Energy

In related news, Director Stephen Phillip Larke sold 200,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$22.35, for a total value of C$4,470,000.00. 35.67% 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.