Topaz Energy (TSE:TPZ) PT Raised to C$25.00 at Raymond James

Topaz Energy (TSE:TPZ) had its price objective lifted by Raymond James from C$24.50 to C$25.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada raised their price objective on Topaz Energy from C$20.00 to C$22.00 and gave the stock an outperform rating in a research note on Wednesday, October 27th. Stifel Firstegy reaffirmed a buy rating on shares of Topaz Energy in a research note on Tuesday, September 21st. Canaccord Genuity raised their price objective on Topaz Energy to C$23.00 and gave the stock a buy rating in a research note on Thursday, October 7th. National Bank Financial raised their price objective on Topaz Energy to C$24.00 and gave the stock an outperform rating in a research note on Wednesday, October 27th. Finally, National Bankshares lifted their target price on Topaz Energy from C$23.00 to C$24.00 and gave the company an outperform rating in a research note on Wednesday, October 27th. Ten equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of C$23.00.

TSE TPZ opened at C$18.46 on Tuesday. The company has a debt-to-equity ratio of 23.45, a quick ratio of 6.93 and a current ratio of 6.95. Topaz Energy has a 52 week low of C$13.42 and a 52 week high of C$19.01. The stock has a market capitalization of C$2.56 billion and a PE ratio of 116.10.

Topaz Energy (TSE:TPZ) last posted its quarterly earnings data on Thursday, November 4th. The company reported C$0.04 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.06). The firm had revenue of C$55.83 million during the quarter, compared to analysts’ expectations of C$55.00 million. On average, equities analysts predict that Topaz Energy will post 0.3 EPS for the current fiscal year.

About Topaz Energy

Tortoise focuses on energy & power infrastructure and the transition to cleaner energy. Tortoise’s solid track record of energy value chain investment experience and research dates back more than 20 years. As one of the earliest investors in midstream energy, Tortoise believes it is well-positioned to be at the forefront of the global energy evolution that is underway.

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Analyst Recommendations for Topaz Energy (TSE:TPZ)

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