Jefferies Financial Group Has Lowered Expectations for Topaz Energy (TSE:TPZ) Stock Price

Topaz Energy (TSE:TPZ) had its price objective cut by investment analysts at Jefferies Financial Group from C$31.00 to C$30.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 6.53% from the stock’s current price.

TPZ has been the subject of a number of other research reports. National Bankshares set a C$33.50 price target on shares of Topaz Energy and gave the stock an “outperform” rating in a report on Friday, January 9th. Raymond James Financial upped their target price on Topaz Energy from C$32.00 to C$34.00 in a research report on Tuesday, December 9th. Finally, Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a research note on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$31.40.

Topaz Energy Trading Up 3.8%

Topaz Energy stock opened at C$28.16 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. The stock has a market cap of C$4.33 billion, a PE ratio of 76.11 and a beta of 0.16. The stock has a 50-day moving average of C$27.50 and a two-hundred day moving average of C$26.13. Topaz Energy has a one year low of C$21.00 and a one year high of C$29.17.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data 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%. On average, research analysts anticipate that Topaz Energy will post 0.2019855 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mike Rose purchased 10,000 shares of Topaz Energy stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of C$25.21 per share, for a total transaction of C$252,100.00. Following the completion of 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 currently owned by company 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.