Topaz Energy (TSE:TPZ – Get Free Report) had its price objective increased by BMO Capital Markets from C$27.00 to C$29.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 18.37% from the company’s current price.
A number of other equities research analysts also recently issued reports on TPZ. CIBC increased their target price on shares of Topaz Energy from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. TD Securities raised their price target on shares of Topaz Energy from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Stifel Nicolaus raised their price target on shares of Topaz Energy from C$25.00 to C$27.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price target on shares of Topaz Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 30th. Finally, Canaccord Genuity Group raised their price target on shares of Topaz Energy from C$27.50 to C$28.50 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$27.67.
Get Our Latest Analysis on Topaz Energy
Topaz Energy Trading Up 1.1 %
Topaz Energy (TSE:TPZ – Get Free Report) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.03). Topaz Energy had a return on equity of 3.62% and a net margin of 14.29%. The firm had revenue of C$70.88 million during the quarter, compared to analyst estimates of C$78.00 million. Equities analysts anticipate that Topaz Energy will post 0.198902 EPS for the current fiscal year.
Topaz Energy Company Profile
Topaz Energy Corp. operates as a royalty and energy infrastructure company in Canada. It operates in two segments, the Royalty Assets and the Infrastructure Assets. The company holds royalty interests on approximately 6 million gross acres of developed and undeveloped lands. It also involved in the natural gas processing and water management infrastructure activities.
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