ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Topaz Energy (TSE:TPZ) Stock

Topaz Energy (TSE:TPZ) had its price objective lifted by equities research analysts at ATB Cormark Capital Markets from C$31.00 to C$33.00 in a report released on Wednesday, MarketBeat reports. The firm currently has a “moderate buy” rating on the stock. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 6.28% from the stock’s current price.

A number of other research firms have also recently issued reports on TPZ. National Bank Financial set a C$33.50 price target on Topaz Energy and gave the stock an “outperform” rating in a report on Friday, January 9th. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a research report on Friday, November 28th. Jefferies Financial Group cut their target price on shares of Topaz Energy from C$31.00 to C$30.00 in a research note on Tuesday, January 20th. Finally, Raymond James Financial raised their price target on shares of Topaz Energy from C$32.00 to C$34.00 in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$33.28.

Topaz Energy Stock Up 1.7%

Shares of TSE:TPZ opened at C$31.05 on Wednesday. Topaz Energy has a 1 year low of C$21.00 and a 1 year high of C$31.21. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. The business’s 50-day moving average is C$28.17 and its 200-day moving average is C$26.76. The company has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 83.92 and a beta of 0.27.

Key Headlines Impacting Topaz Energy

Here are the key news stories impacting Topaz Energy this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to C$34.00 and set an “outperform” rating (≈9.3% upside vs referenced C$31.10). BayStreet Article
• Positive Sentiment: Desjardins bumped its target to C$32.50 and maintained a “buy” rating (≈4.5% upside vs C$31.10). BayStreet Article
• Positive Sentiment: Canaccord Genuity raised its target to C$35.00 and kept a “buy” call (≈14.6% upside vs C$30.53). BayStreet Article
• Positive Sentiment: TD Securities increased its target to C$33.00 with a “buy” rating (≈8.1% upside vs C$30.53). BayStreet Article
• Positive Sentiment: Canadian Imperial Bank of Commerce lifted its target to C$33.50 and issued an “outperform” (≈9.7% upside vs C$30.53). BayStreet Article TickerReport
• Positive Sentiment: Raymond James raised its target to C$35.00 and kept an “outperform” rating (≈14.6% upside vs C$30.53). BayStreet Article
• Positive Sentiment: ATB Cormark increased its target to C$33.00 and rates TPZ a “moderate buy” (≈6.3% upside vs C$31.05). BayStreet Article Zacks
• Positive Sentiment: Market coverage pieces note an evolving narrative and updated valuation assumptions that support higher targets and helped push TPZ to a new 1‑year high. Yahoo Finance AmericanBankingNews

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.