Topaz Energy (TSE:TPZ – Get Free Report) was upgraded by equities research analysts at Raymond James to a “moderate buy” rating in a research note issued to investors on Monday, Zacks.com reports. Raymond James also issued estimates for Topaz Energy’s FY2024 earnings at $0.37 EPS.
A number of other research firms have also recently commented on TPZ. BMO Capital Markets lifted their price target on shares of Topaz Energy from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Scotiabank increased their price target on Topaz Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. National Bankshares boosted their price objective on Topaz Energy from C$32.50 to C$33.50 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Jefferies Financial Group increased 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. Finally, CIBC boosted their target price on shares of Topaz Energy from C$30.00 to C$31.00 in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$30.79.
Topaz Energy Price Performance
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 analysts’ consensus estimates of C$0.07 by C$0.05. Topaz Energy had a return on equity of 4.39% and a net margin of 16.70%. The company had revenue of C$78.41 million during the quarter, compared to the consensus estimate of C$80.00 million. Equities analysts forecast that Topaz Energy will post 0.2019855 EPS 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.
See Also
- Five stocks we like better than Topaz Energy
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Is McDonald’s Stock a Smart Buy After Sell-Off and Earnings?
- Most active stocks: Dollar volume vs share volume
- QuantumScape: Solid State EV Batteries Nearing Commercialization
- Earnings Per Share Calculator: How to Calculate EPS
- MicroStrategy: Is This Bitcoin-Powered Stock a Buy or a Gamble?
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.