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

Topaz Energy (TSE:TPZ) had its target price lifted by equities researchers at CIBC from C$31.00 to C$32.00 in a report issued on Friday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 19.31% from the stock’s current price.

TPZ has been the topic of a number of other research reports. Jefferies Financial Group boosted their price objective on shares of Topaz Energy from C$30.00 to C$31.00 in a research report on Monday, December 16th. Raymond James set a C$34.00 price objective on shares of Topaz Energy and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Desjardins boosted their price objective on shares of Topaz Energy from C$30.00 to C$31.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Scotiabank boosted their price objective on shares of Topaz Energy from C$35.00 to C$36.00 in a research report on Friday. Finally, ATB Capital lowered shares of Topaz Energy from an “overweight” rating to a “neutral” rating and upped their price target for the stock from C$30.00 to C$31.00 in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Topaz Energy has an average rating of “Moderate Buy” and a consensus target price of C$31.54.

Topaz Energy Stock Down 0.7 %

Shares of TPZ stock traded down C$0.20 during trading on Friday, reaching C$26.82. The company’s stock had a trading volume of 96,114 shares, compared to its average volume of 381,639. The business has a fifty day moving average price of C$27.59 and a 200-day moving average price of C$26.44. The company has a quick ratio of 7.17, a current ratio of 2.12 and a debt-to-equity ratio of 37.52. The company has a market cap of C$3.89 billion, a price-to-earnings ratio of 72.49 and a beta of 0.50. Topaz Energy has a one year low of C$18.59 and a one year high of C$29.51.

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.