Raymond James Boosts Topaz Energy (OTCMKTS:TPZEF) Price Target to C$25.00

Topaz Energy (OTCMKTS:TPZEF) had its price objective upped by Raymond James from C$24.50 to C$25.00 in a research note released on Tuesday morning, The Fly reports. The brokerage currently has a strong-buy rating on the stock.

A number of other research firms have also recently weighed in on TPZEF. Canaccord Genuity increased their price objective on shares of Topaz Energy from C$23.00 to C$24.00 and gave the stock a buy rating in a research report on Thursday, October 7th. BMO Capital Markets raised their price objective on shares of Topaz Energy from C$21.00 to C$23.00 and gave the company an outperform rating in a report on Wednesday, October 27th. Scotiabank raised their price objective on shares of Topaz Energy from C$24.00 to C$27.00 and gave the company an outperform rating in a report on Wednesday, October 27th. TD Securities raised their price objective on shares of Topaz Energy from C$20.00 to C$21.00 and gave the company a buy rating in a report on Wednesday, October 27th. Finally, Stifel Nicolaus raised their price objective on shares of Topaz Energy from C$21.50 to C$21.75 and gave the company a buy rating in a report on Thursday, September 23rd. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Topaz Energy presently has a consensus rating of Buy and a consensus target price of $22.86.

Topaz Energy stock opened at $14.00 on Tuesday. The firm has a 50 day simple moving average of $14.16 and a 200-day simple moving average of $13.22. Topaz Energy has a 1-year low of $11.29 and a 1-year high of $15.00.

Topaz Energy Company Profile

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates through the segments, Royalty Assets and Infrastructure Assets. The company holds gross overriding royalty interests on approximately 3.0 million gross acres of developed and undeveloped lands. It is also involved in natural gas processing activities.

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Analyst Recommendations for Topaz Energy (OTCMKTS:TPZEF)

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