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

Topaz Energy (TSE:TPZ) had its price objective lifted by research analysts at Raymond James Financial from C$34.00 to C$35.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s target price would suggest a potential upside of 12.72% from the company’s previous close.

Several other equities research analysts have also commented on the company. National Bank Financial set a C$33.50 price objective on Topaz Energy and gave the stock an “outperform” rating in a research note on Friday, January 9th. Jefferies Financial Group cut their price target on Topaz Energy from C$31.00 to C$30.00 in a report on Tuesday, January 20th. Canadian Imperial Bank of Commerce upped their price target on Topaz Energy from C$29.00 to C$33.50 and gave the stock an “outperform” rating in a research report on Wednesday. ATB Cormark Capital Markets raised their price objective on Topaz Energy from C$31.00 to C$33.00 and gave the stock a “moderate buy” rating in a research note on Wednesday. Finally, Scotiabank raised Topaz Energy to a “strong-buy” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$33.28.

Topaz Energy Stock Up 1.7%

Shares of TPZ stock opened at C$31.05 on Wednesday. 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 has a 12 month low of C$21.00 and a 12 month high of C$31.21. The stock has a market cap of C$4.78 billion, a P/E ratio of 83.92 and a beta of 0.27. The company has a 50 day simple moving average of C$28.17 and a two-hundred day simple moving average of C$26.76.

Key Stories 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.