Topaz Energy (TSE:TPZ) Given New C$31.00 Price Target at Jefferies Financial Group

Topaz Energy (TSE:TPZ - Get Free Report) had its price objective upped by analysts at Jefferies Financial Group from C$28.00 to C$31.00 in a report issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group's target price points to a potential upside of 21.00% from the stock's current price.

Separately, CIBC cut their price objective on shares of Topaz Energy from C$32.00 to C$30.00 in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$31.64.

Topaz Energy Stock Performance

TSE TPZ traded down C$0.22 on Wednesday, reaching C$25.62. 206,257 shares of the stock were exchanged, compared to its average volume of 349,392. Topaz Energy has a one year low of C$21.00 and a one year high of C$29.51. The firm has a market capitalization of C$3.92 billion, a PE ratio of 60.16 and a beta of 0.50. The company's 50-day simple moving average is C$25.62 and its two-hundred day simple moving average is C$24.91. The company has a current ratio of 1.89, a quick ratio of 7.17 and a debt-to-equity ratio of 36.45.

About Topaz Energy

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.