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 brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 12.53% from the company’s current price.
TPZ has been the subject of a number of other research reports. Canaccord Genuity Group boosted their price objective on shares of Topaz Energy from C$29.50 to C$31.00 in a research note on Wednesday. BMO Capital Markets increased their price objective on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Desjardins boosted their target price on Topaz Energy from C$26.50 to C$28.50 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group increased 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. Finally, Scotiabank upped their price target on shares of Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$30.04.
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Topaz Energy Stock Down 1.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings data 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. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The firm had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. As a group, research analysts forecast that Topaz Energy will post 0.2019855 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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