Topaz Energy (TSE:TPZ) Price Target Raised to C$35.00

Topaz Energy (TSE:TPZ) had its price objective boosted by research analysts at Raymond James Financial from C$34.00 to C$35.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 13.67% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a research note on Friday, November 28th. Canadian Imperial Bank of Commerce boosted their target price on shares of Topaz Energy from C$29.00 to C$33.50 and gave the stock an “outperform” rating in a research report on Wednesday. ATB Cormark Capital Markets upped their price target on shares of Topaz Energy from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Financial Group reduced their price objective on shares of Topaz Energy from C$31.00 to C$30.00 in a research note on Tuesday, January 20th. Finally, National Bank Financial set a C$33.50 target price on shares of Topaz Energy and gave the stock an “outperform” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$32.81.

Topaz Energy Stock Performance

TPZ traded up C$0.20 during trading on Wednesday, reaching C$30.79. The company’s stock had a trading volume of 180,258 shares, compared to its average volume of 441,714. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. The company’s fifty day moving average price is C$28.02 and its 200-day moving average price is C$26.70. Topaz Energy has a 52-week low of C$21.00 and a 52-week high of C$31.16. The company has a market capitalization of C$4.74 billion, a price-to-earnings ratio of 83.22 and a beta of 0.27.

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.