RBC Capital analyst Michael Harvey maintained a Buy rating on Topaz Energy Corp (TPZ – Research Report) yesterday and set a price target of C$32.00. The company’s shares closed yesterday at C$27.65.
According to TipRanks, Harvey is a 5-star analyst with an average return of 14.6% and a 53.17% success rate. Harvey covers the Energy sector, focusing on stocks such as Veren, Whitecap Resources, and PrairieSky Royalty.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Topaz Energy Corp with a C$31.85 average price target, implying a 15.19% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a C$30.00 price target.
TPZ market cap is currently C$4.14B and has a P/E ratio of 63.53.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TPZ in relation to earlier this year.
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Topaz Energy Corp (TPZ) Company Description:
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.
