Topaz Energy (TSE:TPZ) Stock Price Expected to Rise, TD Securities Analyst Says

Topaz Energy (TSE:TPZ) had its price objective upped by equities researchers at TD Securities from C$30.00 to C$33.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 6.28% from the stock’s previous close.

A number of other equities analysts have also weighed in on TPZ. 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. Canaccord Genuity Group lifted their price target on Topaz Energy from C$33.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday. ATB Cormark Capital Markets upped their price objective on shares of Topaz Energy from C$31.00 to C$33.00 and gave the company a “moderate buy” rating in a report on Wednesday. Scotiabank upgraded shares of Topaz Energy to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Topaz Energy from C$29.00 to C$33.50 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$33.28.

Topaz Energy Trading Up 1.7%

Shares of Topaz Energy stock opened at C$31.05 on Wednesday. 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 stock’s 50 day simple moving average is C$28.17 and its 200-day simple moving average is C$26.76. The stock has a market cap of C$4.78 billion, a P/E ratio of 83.92 and a beta of 0.27. Topaz Energy has a 1-year low of C$21.00 and a 1-year high of C$31.21.

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

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. 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.