Topaz Energy (TSE:TPZ) Price Target Raised to C$32.00 at Raymond James Financial

Topaz Energy (TSE:TPZ) had its target price boosted by analysts at Raymond James Financial from C$31.00 to C$32.00 in a report released on Tuesday,BayStreet.CA reports. Raymond James Financial’s price objective points to a potential upside of 30.19% from the stock’s current price.

Separately, Jefferies Financial Group increased their price objective on shares of Topaz Energy from C$28.00 to C$31.00 in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$31.75.

Topaz Energy Trading Down 1.0%

Shares of TSE:TPZ traded down C$0.26 during mid-day trading on Tuesday, hitting C$24.58. The company had a trading volume of 170,395 shares, compared to its average volume of 350,432. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. Topaz Energy has a one year low of C$21.00 and a one year high of C$29.51. The firm has a fifty day moving average price of C$25.37 and a 200 day moving average price of C$25.23. The company has a market capitalization of C$3.78 billion, a PE ratio of 59.95 and a beta of 0.31.

About Topaz Energy

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with Canada’s natural gas producers, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies, while maintaining its commitment to environmental, social and governance practices.