Topaz Energy (TSE:TPZ – Get Free Report) had its price objective hoisted by research 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 currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 10.20% from the company’s previous close.
A number of other brokerages also recently commented on TPZ. BMO Capital Markets increased their price target on Topaz Energy from C$27.00 to C$29.00 in a research report on Wednesday. TD Securities lifted their price target on Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Stifel Nicolaus lifted their price objective on Topaz Energy from C$25.00 to C$27.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada lifted their price objective on Topaz Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. Finally, Canaccord Genuity Group lifted their price target on 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. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$27.67.
View Our Latest Analysis on TPZ
Topaz Energy Price Performance
Topaz Energy (TSE:TPZ – Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The company reported C$0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.03). The firm had revenue of C$70.88 million during the quarter, compared to the consensus estimate of C$78.00 million. Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. On average, equities research analysts predict that Topaz Energy will post 0.198902 EPS for the current 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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