Topaz Energy (TSE:TPZ – Get Free Report) was downgraded by equities research analysts at ATB Capital from an “overweight” rating to a “neutral” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. They presently have a C$31.00 target price on the stock, up from their previous target price of C$30.00. ATB Capital’s target price indicates a potential upside of 16.28% from the stock’s current price.
TPZ has been the topic of a number of other reports. BMO Capital Markets increased 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 report on Tuesday, July 30th. Jefferies Financial Group boosted their target price on Topaz Energy from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Desjardins raised their target price on shares of Topaz Energy from C$26.50 to C$28.50 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Royal Bank of Canada upped their price target on Topaz Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Finally, Scotiabank raised their price objective on shares of Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$30.04.
Check Out Our Latest Stock Analysis on Topaz Energy
Topaz Energy Trading Down 1.4 %
Topaz Energy (TSE:TPZ – Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.05. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. The business had revenue of C$78.41 million for the quarter, compared to analysts’ expectations of C$80.00 million. Analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current year.
About Topaz Energy
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.
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