Topaz Energy (TSE:TPZ) Price Target Raised to C$35.25 at Canadian Imperial Bank of Commerce

Topaz Energy (TSE:TPZ – Get Free Report) had its price objective lifted by research analysts at Canadian Imperial Bank of Commerce from C$34.50 to C$35.25 in a note issued to investors on Tuesday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 11.02% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Topaz Energy from a “moderate buy” rating to a “hold” rating and set a C$35.00 target price on the stock. in a research note on Monday, March 30th. BMO Capital Markets boosted their price target on shares of Topaz Energy from C$35.50 to C$36.50 in a research note on Tuesday. ATB Cormark Capital Markets upped their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Scotiabank upgraded Topaz Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, TD lifted their target price on Topaz Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$34.07.

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Topaz Energy Trading Down 0.5%

TSE:TPZ traded down C$0.15 on Tuesday, reaching C$31.75. 155,114 shares of the company’s stock were exchanged, compared to its average volume of 575,954. The company has a quick ratio of 7.17, a current ratio of 2.93 and a debt-to-equity ratio of 35.87. The firm has a market capitalization of C$4.91 billion, a price-to-earnings ratio of 36.49 and a beta of 0.35. The business has a fifty day moving average of C$31.57 and a 200-day moving average of C$30.63. Topaz Energy has a 52-week low of C$24.37 and a 52-week high of C$33.91.

Topaz Energy (TSE:TPZ – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.29 earnings per share (EPS) for the quarter. Topaz Energy had a net margin of 45.79% and a return on equity of 10.95%. The business had revenue of C$115.39 million for the quarter. As a group, analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current year.

Topaz Energy Company Profile

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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. It generates revenue from the Royalty Assets, which generate the company’s Royalty Production Revenue; and the Infrastructure Assets, which generate the company’s Processing Revenue and Other Income.

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