Topaz Energy (TSE:TPZ) Given a C$33.50 Price Target by National Bankshares Analysts

Topaz Energy (TSE:TPZ) received a C$33.50 price objective from investment analysts at National Bankshares in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective suggests a potential upside of 24.44% from the stock’s current price.

A number of other research firms have also commented on TPZ. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a research note on Friday, November 28th. Raymond James Financial increased their price target on Topaz Energy from C$32.00 to C$34.00 in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$32.33.

Topaz Energy Stock Performance

Shares of TPZ traded up C$0.36 during trading hours on Friday, reaching C$26.92. 259,420 shares of the company’s stock traded hands, compared to its average volume of 421,580. Topaz Energy has a twelve month low of C$21.00 and a twelve month high of C$29.17. The business’s fifty day simple moving average is C$27.17 and its two-hundred day simple moving average is C$26.02. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. The firm has a market capitalization of C$4.14 billion, a price-to-earnings ratio of 72.76 and a beta of 0.16.

Topaz Energy (TSE:TPZ) last announced its earnings results on Monday, November 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter. Topaz Energy had a net margin of 20.54% and a return on equity of 5.15%. The firm had revenue of C$76.44 million during the quarter. Analysts predict that Topaz Energy will post 0.2019855 earnings per share for the current year.

Insider Buying and Selling at Topaz Energy

In related news, Director Mike Rose purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of C$25.21 per share, with a total value of C$252,100.00. Following the purchase, the director owned 443,470 shares of the company’s stock, valued at C$11,179,878.70. This trade represents a 2.31% increase in their position. 35.66% of the stock is owned by company insiders.

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. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.