Jefferies Financial Group Cuts Topaz Energy (TSE:TPZ) Price Target to C$30.00

Topaz Energy (TSE:TPZ) had its price target lowered by analysts at Jefferies Financial Group from C$31.00 to C$30.00 in a research report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective indicates a potential upside of 9.33% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Raymond James Financial raised their price objective on shares of Topaz Energy from C$32.00 to C$34.00 in a research report on Tuesday, December 9th. Scotiabank raised Topaz Energy to a “strong-buy” rating in a research report on Friday, November 28th. Finally, National Bankshares set a C$33.50 target price on shares of Topaz Energy and gave the stock an “outperform” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, Topaz Energy presently has a consensus rating of “Buy” and a consensus target price of C$31.40.

Topaz Energy Stock Performance

TSE TPZ traded down C$0.02 during trading on Tuesday, hitting C$27.44. 183,523 shares of the company’s stock traded hands, compared to its average volume of 430,886. The stock has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 74.16 and a beta of 0.16. The business has a 50 day moving average of C$27.46 and a 200-day moving average of C$26.11. Topaz Energy has a 12-month low of C$21.00 and a 12-month high of C$29.17. The company has a debt-to-equity ratio of 36.45, a quick ratio of 7.17 and a current ratio of 1.89.

Topaz Energy (TSE:TPZ) last released its quarterly earnings data on Monday, November 3rd. The company reported C$0.10 earnings per share (EPS) for the quarter. Topaz Energy had a return on equity of 5.15% and a net margin of 20.54%.The company had revenue of C$76.44 million for the quarter. As a group, equities research analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mike Rose acquired 10,000 shares of the stock in a transaction on Friday, November 7th. The shares were purchased at an average price of C$25.21 per share, for a total transaction of C$252,100.00. Following the transaction, the director directly owned 443,470 shares of the company’s stock, valued at approximately C$11,179,878.70. This represents a 2.31% increase in their ownership of the stock. Company insiders own 35.66% of the company’s stock.

About Topaz Energy

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.