Topaz Energy (TSE:TPZ – Get Free Report) had its target price upped by stock analysts at Jefferies Financial Group from C$25.00 to C$27.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 10.20% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Canaccord Genuity Group upped 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. National Bankshares upped their price target on Topaz Energy from C$27.50 to C$28.50 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on Topaz Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Tuesday, April 30th. TD Securities upped their price objective on shares of Topaz Energy from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, BMO Capital Markets upped their price objective on shares of Topaz Energy from C$27.00 to C$29.00 in a research report on Wednesday. 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 presently has a consensus rating of “Buy” and a consensus price target of C$27.67.
Read Our Latest Research Report on Topaz Energy
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). The company had revenue of C$70.88 million during the quarter, compared to analyst estimates of C$78.00 million. Topaz Energy had a net margin of 14.29% and a return on equity of 3.62%. Analysts predict that Topaz Energy will post 0.198902 EPS for the current fiscal 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.
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