Topaz Energy (TSE:TPZ) Upgraded at Desjardins

Topaz Energy (TSE:TPZ) was upgraded by equities research analysts at Desjardins to a “moderate buy” rating in a research report issued on Tuesday, Zacks.com reports.

Several other analysts also recently commented on the company. CIBC raised their price objective on Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Topaz Energy from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Monday, July 15th. Scotiabank boosted their price objective on Topaz Energy from C$34.00 to C$35.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada raised their target price on shares of Topaz Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Finally, BMO Capital Markets upped their price target on shares of Topaz Energy from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Topaz Energy has an average rating of “Buy” and a consensus target price of C$30.04.

Topaz Energy Stock Performance

Shares of TPZ stock opened at C$26.92 on Tuesday. The stock has a 50-day moving average of C$26.17 and a 200-day moving average of C$24.43. Topaz Energy has a one year low of C$18.03 and a one year high of C$27.78. The stock has a market cap of C$3.90 billion, a PE ratio of 72.76 and a beta of 0.50. The company has a debt-to-equity ratio of 37.52, a current ratio of 2.12 and a quick ratio of 7.17.

Topaz Energy (TSE:TPZ) last issued its earnings results on Monday, July 29th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.05. The firm had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. Topaz Energy had a net margin of 16.70% and a return on equity of 4.39%. As a group, sell-side analysts expect that Topaz Energy will post 0.2019855 earnings per share for the current year.

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.