Topaz Energy (TSE:TPZ) PT Set at C$33.50 by National Bankshares

Topaz Energy (TSE:TPZ) has been given a C$33.50 target price by investment analysts at National Bankshares in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 23.57% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial raised their price target on shares of Topaz Energy from C$32.00 to C$34.00 in a research note on Tuesday, December 9th. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$32.33.

Topaz Energy Stock Performance

TPZ stock opened at C$27.11 on Friday. The firm has a market cap of C$4.17 billion, a P/E ratio of 73.27 and a beta of 0.16. Topaz Energy has a 12-month low of C$21.00 and a 12-month high of C$29.17. The stock’s 50 day simple moving average is C$27.22 and its 200 day simple moving average is C$26.03. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45.

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

Insider Activity

In other news, Director Mike Rose purchased 10,000 shares of Topaz Energy stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of C$25.21 per share, for a total transaction of C$252,100.00. Following the transaction, the director owned 443,470 shares in the company, valued at C$11,179,878.70. The trade was a 2.31% increase in their ownership of the stock. 35.66% of the stock is owned by corporate 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.