Topaz Energy (TSE:TPZ) Given New C$36.00 Price Target at Scotiabank

Topaz Energy (TSE:TPZ) had its price target increased by stock analysts at Scotiabank from C$35.00 to C$36.00 in a report released on Friday,BayStreet.CA reports. Scotiabank’s price objective would suggest a potential upside of 34.23% from the company’s current price.

A number of other research firms have also recently commented on TPZ. Jefferies Financial Group upped their price objective on Topaz Energy from C$30.00 to C$31.00 in a report on Monday, December 16th. Raymond James set a C$34.00 price target on Topaz Energy and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Desjardins upped their price target on Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. CIBC upped their price objective on Topaz Energy from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upped their price objective on Topaz Energy from C$29.50 to C$31.00 in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$31.54.

Topaz Energy Price Performance

Shares of Topaz Energy stock traded down C$0.20 on Friday, hitting C$26.82. 96,114 shares of the company were exchanged, compared to its average volume of 381,639. The stock has a market capitalization of C$3.89 billion, a price-to-earnings ratio of 72.49 and a beta of 0.50. The company has a 50-day moving average price of C$27.59 and a 200 day moving average price of C$26.44. Topaz Energy has a 1-year low of C$18.59 and a 1-year high of C$29.51. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52.

About Topaz Energy

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.