Topaz Energy (TSE:TPZ – Get Free Report) had its price target hoisted by equities research analysts at Desjardins from C$30.00 to C$31.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 16.28% from the company’s current price.
A number of other research analysts have also recently commented on the company. BMO Capital Markets raised their target price on Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. ATB Capital downgraded Topaz Energy from an “overweight” rating to a “neutral” rating and boosted their price target for the company from C$30.00 to C$31.00 in a research note on Wednesday. National Bankshares raised their target price on Topaz Energy from C$32.50 to C$33.50 and gave the stock an “outperform” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 3rd. Finally, Scotiabank upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Topaz Energy has an average rating of “Buy” and an average target price of C$30.04.
Read Our Latest Analysis on Topaz Energy
Topaz Energy Stock Performance
Topaz Energy (TSE:TPZ – Get Free Report) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share for the quarter, topping the consensus estimate of C$0.07 by C$0.05. The firm had revenue of C$78.41 million for the quarter, compared to analysts’ expectations of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. Research analysts expect that Topaz Energy will post 0.2019855 EPS for the current fiscal 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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