Topaz Energy (OTCMKTS:TPZEF) Price Target Raised to C$31.50 at Stifel Nicolaus

Topaz Energy (OTCMKTS:TPZEFGet Rating) had its price target hoisted by Stifel Nicolaus from C$27.25 to C$31.50 in a research note issued to investors on Wednesday morning, The Fly reports.

A number of other brokerages also recently commented on TPZEF. BMO Capital Markets increased their price target on Topaz Energy from C$23.00 to C$27.00 in a research report on Wednesday, March 2nd. Royal Bank of Canada increased their price target on Topaz Energy from C$22.50 to C$25.00 in a research report on Wednesday, March 2nd. TD Securities increased their price target on Topaz Energy from C$26.00 to C$27.00 in a research report on Wednesday. Scotiabank increased their price target on Topaz Energy from C$31.00 to C$32.00 in a research report on Monday, April 18th. Finally, Desjardins raised their target price on Topaz Energy from C$23.00 to C$24.00 in a research report on Monday, April 4th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $27.30.

TPZEF stock opened at $18.55 on Wednesday. Topaz Energy has a twelve month low of $9.57 and a twelve month high of $18.55. The stock’s 50 day moving average is $16.76 and its 200-day moving average is $15.10.

About Topaz Energy (Get Rating)

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates in Royalty Production and Infrastructure segments. The company holds gross overriding royalty interests on approximately 5.3 million gross acres of developed and undeveloped lands. It is also involved in the natural gas processing and water management infrastructure activities.

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