Topaz Energy (TSE:TPZ) Stock Rating Upgraded by Scotiabank

Topaz Energy (TSE:TPZ) was upgraded by Scotiabank to a “strong-buy” rating in a note issued to investors on Friday,Zacks.com reports.

Separately, Raymond James Financial upped their price target on Topaz Energy from C$31.00 to C$32.00 in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, Topaz Energy currently has an average rating of “Strong Buy” and an average target price of C$31.70.

Topaz Energy Stock Performance

TSE:TPZ opened at C$28.28 on Friday. Topaz Energy has a 12 month low of C$21.00 and a 12 month high of C$28.72. The company has a debt-to-equity ratio of 36.45, a current ratio of 1.89 and a quick ratio of 7.17. The firm has a market capitalization of C$4.35 billion, a PE ratio of 76.43 and a beta of 0.24. The business’s fifty day moving average price is C$25.93 and its 200 day moving average price is C$25.62.

Topaz Energy (TSE:TPZ) last released its quarterly earnings data on Monday, November 3rd. The company reported C$0.07 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 business had revenue of C$76.44 million during the quarter. On average, sell-side analysts anticipate that Topaz Energy will post 0.2019855 earnings per share for the current fiscal year.

Insider Buying and Selling at Topaz Energy

In other news, Director Mike Rose acquired 10,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of C$25.21 per share, with a total value of C$252,100.00. Following the completion of the acquisition, the director owned 443,470 shares of the company’s stock, valued at C$11,179,878.70. The trade was a 2.31% increase in their ownership of the stock. 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.