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Topaz Energy (TSE:TPZ – Get Rating) has been given a C$24.50 price target by investment analysts at Stifel Nicolaus in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 15.78% from the company’s current price.
Several other equities research analysts also recently commented on the stock. Scotiabank lifted their target price on shares of Topaz Energy from C$32.00 to C$33.00 in a research report on Monday, September 19th. Royal Bank of Canada lifted their target price on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. ATB Capital lifted their target price on shares of Topaz Energy from C$30.00 to C$32.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 15th. Raymond James boosted their price target on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, September 28th. Finally, BMO Capital Markets boosted their price target on shares of Topaz Energy from C$30.00 to C$32.00 in a research report on Wednesday, November 2nd. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$29.93.
Topaz Energy Price Performance
Shares of TPZ traded up C$0.24 during mid-day trading on Friday, reaching C$21.16. The company had a trading volume of 104,461 shares, compared to its average volume of 254,834. The company’s 50 day simple moving average is C$22.13 and its 200 day simple moving average is C$21.41. Topaz Energy has a 1-year low of C$16.90 and a 1-year high of C$24.80. The company has a debt-to-equity ratio of 34.84, a quick ratio of 7.17 and a current ratio of 8.06. The company has a market capitalization of C$3.05 billion and a price-to-earnings ratio of 30.72.
Topaz Energy (TSE:TPZ – Get Rating) last posted its earnings results on Tuesday, November 1st. The company reported C$0.13 EPS for the quarter. The business had revenue of C$81.68 million for the quarter. Analysts expect that Topaz Energy will post 0.86 EPS for the current year.
Insider Activity
In related news, Director Mike Rose acquired 10,000 shares of the stock in a transaction dated Wednesday, December 28th. The stock was bought at an average price of C$21.00 per share, for a total transaction of C$209,984.00. Following the purchase, the director now directly owns 443,470 shares of the company’s stock, valued at approximately C$9,312,160.45. In other Topaz Energy news, Director Mike Rose purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 28th. The stock was acquired at an average price of C$21.00 per share, for a total transaction of C$209,984.00. Following the purchase, the director now owns 443,470 shares of the company’s stock, valued at approximately C$9,312,160.45. Also, Senior Officer Cheree Stephenson sold 2,000 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of C$22.90, for a total transaction of C$45,800.00. Following the sale, the insider now owns 23,000 shares of the company’s stock, valued at approximately C$526,700. Insiders sold 7,622 shares of company stock worth $177,739 in the last quarter.
About Topaz Energy
(Get Rating)
Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.
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