Topaz Energy (TSE:TPZ) Price Target Raised to C$31.00 at Jefferies Financial Group

Topaz Energy (TSE:TPZGet Free Report) had its target price raised by research analysts at Jefferies Financial Group from C$30.00 to C$31.00 in a note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 16.50% from the stock’s previous close.

TPZ has been the subject of a number of other research reports. Raymond James set a C$34.00 price target on Topaz Energy and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Royal Bank of Canada lifted their target price on shares of Topaz Energy from C$30.00 to C$32.00 in a research note on Wednesday, November 6th. Desjardins increased their target price on shares of Topaz Energy from C$30.00 to C$31.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. National Bankshares boosted their target price on shares of Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, Scotiabank raised their target price on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$31.38.

Check Out Our Latest Stock Analysis on TPZ

Topaz Energy Stock Performance

Shares of TSE TPZ traded down C$0.41 during midday trading on Monday, reaching C$26.61. 111,364 shares of the stock were exchanged, compared to its average volume of 284,852. 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 firm has a market cap of C$3.86 billion, a price-to-earnings ratio of 71.81 and a beta of 0.50. The firm has a 50-day simple moving average of C$27.51 and a two-hundred day simple moving average of C$25.75. Topaz Energy has a twelve month low of C$18.49 and a twelve month high of C$29.51.

About Topaz Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Topaz Energy (TSE:TPZ)

Receive News & Ratings for Topaz Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topaz Energy and related companies with MarketBeat.com's FREE daily email newsletter.