Wall Street analyst has provided a review yesterday, and retained the same rating on the stock. BMO Capital’s analyst Mike Murphy CFA reiterates their Buy rating on the shares of Topaz Energy Corp (TPZ – Research Report), with a $28.00 price target.
According to TipRanks.com, CFA is a 5-star analyst with an average return of 16.4% and a 60.5% success rate. CFA covers the NA sector, focusing on stocks such as Tamarack Valley Energy, Headwater Exploration, and Paramount Resources.
Topaz Energy Corp has an analyst consensus of Strong Buy, with a price target consensus of C$28.62, which is a 33.4% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a C$26.00 price target.
The company has a one-year high of C$24.49 and a one-year low of C$17.76. Currently, Topaz Energy Corp has an average volume of 211.6K.
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.
The company’s shares closed last Monday at C$21.45.
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