Topaz Energy (TSE:TPZ) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Topaz Energy (TSE:TPZ) had its price objective raised by stock analysts at Raymond James Financial from C$32.00 to C$34.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James Financial’s price objective would suggest a potential upside of 19.26% from the company’s current price.

Separately, Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, Topaz Energy currently has an average rating of “Strong Buy” and a consensus target price of C$32.10.

Topaz Energy Trading Up 1.2%

Shares of TPZ opened at C$28.51 on Tuesday. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89. Topaz Energy has a 52-week low of C$21.00 and a 52-week high of C$29.17. The firm has a market cap of C$4.39 billion, a price-to-earnings ratio of 77.05 and a beta of 0.29. The business’s fifty day moving average is C$26.30 and its 200-day moving average is C$25.82.

Topaz Energy (TSE:TPZ) last released its quarterly earnings data on Monday, November 3rd. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$76.44 million for the quarter. Topaz Energy had a return on equity of 5.15% and a net margin of 20.54%. Equities analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Insider Transactions at Topaz Energy

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

Topaz Energy Company Profile

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.