Topaz Energy (TSE:TPZ – Get Free Report) had its price objective upped by research analysts at TD Securities from C$28.00 to C$30.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 12.53% from the company’s current price.
Several other analysts have also recently issued reports on the company. National Bankshares increased their target price on Topaz Energy from C$28.50 to C$32.50 in a research report on Monday, August 19th. Scotiabank lifted their price objective on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group upped their target price on shares of Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday. BMO Capital Markets increased their price objective on shares of Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group lifted their price objective 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. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$30.04.
Check Out Our Latest Stock Analysis on Topaz Energy
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.05. The business 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%. On average, research analysts expect that Topaz Energy will post 0.2019855 EPS 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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