Topaz Energy (TSE:TPZ) PT Raised to C$26.00

Topaz Energy (TSE:TPZ) had its price target lifted by equities research analysts at CIBC from C$24.00 to C$26.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 16.07% from the stock’s previous close.

TPZ has been the topic of several other reports. Raymond James reduced their price objective on 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. Scotiabank dropped their target price on Topaz Energy from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research report on Tuesday, January 16th. ATB Capital dropped their target price on Topaz Energy from C$32.00 to C$30.00 in a research report on Tuesday, January 2nd. Canaccord Genuity Group boosted their target price on Topaz Energy from C$27.50 to C$28.50 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, National Bankshares dropped their target price on Topaz Energy from C$30.00 to C$27.50 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$26.86.

Topaz Energy Trading Up 0.2 %

Shares of TPZ stock opened at C$22.40 on Monday. Topaz Energy has a 12-month low of C$18.03 and a 12-month high of C$23.17. The company has a current ratio of 8.52, a quick ratio of 7.17 and a debt-to-equity ratio of 31.49. The stock’s 50-day moving average price is C$21.42 and its 200-day moving average price is C$20.44. The stock has a market capitalization of C$3.24 billion, a price-to-earnings ratio of 67.88 and a beta of 0.48.

Topaz Energy (TSE:TPZ) last issued its quarterly earnings data on Monday, March 4th. The company reported C$0.13 earnings per share for the quarter, topping 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 company had revenue of C$82.78 million for the quarter, compared to analysts’ expectations of C$79.00 million. Equities research analysts predict that Topaz Energy will post 0.2818351 EPS for the current fiscal year.

Insiders Place Their Bets

In other Topaz Energy news, Director Stephen Phillip Larke sold 200,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of C$22.35, for a total transaction 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.