Wall Street analyst has provided a review yesterday, and retained the same rating on the stock. The NA company, Topaz Energy Corp (TSX: TPZ) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, CFA is a 5-star analyst with an average return of 15.1% and a 65.2% 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$26.41, representing a 25.7% upside. In a report issued on October 16, CIBC also maintained a Buy rating on the stock with a C$26.50 price target.
Based on Topaz Energy Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$74.68 million and net profit of C$9.37 million. In comparison, last year the company earned revenue of C$111 million and had a net profit of C$49.47 million.
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$21.31.
