Topaz Energy (TSE:TPZ) Price Target Raised to C$32.00

Topaz Energy (TSE:TPZ) had its price target boosted by analysts at Raymond James Financial from C$31.00 to C$32.00 in a report issued on Tuesday,BayStreet.CA reports. Raymond James Financial’s price target would indicate a potential upside of 30.19% from the stock’s current price.

Separately, Jefferies Financial Group lifted their target price on Topaz Energy from C$28.00 to C$31.00 in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Topaz Energy has an average rating of “Buy” and a consensus price target of C$31.75.

Topaz Energy Stock Down 1.0%

Shares of Topaz Energy stock traded down C$0.26 on Tuesday, reaching C$24.58. The company’s stock had a trading volume of 170,395 shares, compared to its average volume of 350,432. The company has a market capitalization of C$3.78 billion, a price-to-earnings ratio of 59.95 and a beta of 0.31. The firm’s fifty day simple moving average is C$25.37 and its two-hundred day simple moving average is C$25.23. Topaz Energy has a 52 week low of C$21.00 and a 52 week high of C$29.51. The company has a quick ratio of 7.17, a current ratio of 1.89 and a debt-to-equity ratio of 36.45.

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.