Topaz Energy (TSE:TPZ) Upgraded at Scotiabank

Topaz Energy (TSE:TPZ) was upgraded by analysts at Scotiabank to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the company. Raymond James Financial lowered Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 price target on the stock. in a research note on Monday. Canaccord Genuity Group raised their price objective on Topaz Energy from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Royal Bank Of Canada lifted their target price on shares of Topaz Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Desjardins upped their target price on shares of Topaz Energy from C$31.00 to C$32.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Topaz Energy from C$31.00 to C$33.00 and gave the company a “moderate buy” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$33.28.

Topaz Energy Trading Down 2.3%

TPZ stock opened at C$30.21 on Wednesday. The business’s 50-day moving average is C$30.20 and its 200 day moving average is C$27.83. Topaz Energy has a 12-month low of C$21.00 and a 12-month high of C$32.46. The stock has a market cap of C$4.67 billion, a price-to-earnings ratio of 36.40 and a beta of 0.21. The company has a current ratio of 11.26, a quick ratio of 7.17 and a debt-to-equity ratio of 37.54.

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.