Stifel Nicolaus Raises Topaz Energy (OTCMKTS:TPZEF) Price Target to C$21.75

Topaz Energy (OTCMKTS:TPZEF) had its price target upped by research analysts at Stifel Nicolaus from C$21.50 to C$21.75 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock.

A number of other research firms also recently weighed in on TPZEF. Royal Bank of Canada raised Topaz Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, June 9th. National Bank Financial lifted their target price on shares of Topaz Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Friday, July 9th. Scotiabank lifted their target price on shares of Topaz Energy from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday, July 15th. Canaccord Genuity lifted their target price on shares of Topaz Energy from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Friday, July 30th. Finally, CIBC lifted their target price on shares of Topaz Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research note on Wednesday, July 14th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Topaz Energy presently has an average rating of “Buy” and an average price target of $20.41.

OTCMKTS TPZEF opened at $13.30 on Thursday. The firm’s 50 day moving average is $12.68. Topaz Energy has a 1-year low of $11.29 and a 1-year high of $14.04.

About Topaz Energy

Topaz Energy Corp. operates as a royalty and energy infrastructure company. It operates through the segments, Royalty Assets and Infrastructure Assets. The company holds gross overriding royalty interests on approximately 3.0 million gross acres of developed and undeveloped lands. It is also involved in natural gas processing activities.

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