Topaz Energy (OTCMKTS:TPZEF) Shares Up 1.6% – Should You Buy?

Topaz Energy Corp. (OTCMKTS:TPZEF) rose 1.6% during trading on Tuesday . The stock traded as high as $23.25 and last traded at $23.25. Approximately 21,071 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 67,993 shares. The stock had previously closed at $22.89.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Roth Capital began coverage on shares of Topaz Energy in a research note on Tuesday, June 30th. They set a “buy” rating on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Topaz Energy in a research note on Tuesday, July 28th. Scotiabank restated an “outperform” rating on shares of Topaz Energy in a report on Friday, July 17th. Finally, TD Securities restated a “buy” rating on shares of Topaz Energy in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Topaz Energy Stock Up 1.6%

The company has a 50 day moving average of $22.24 and a two-hundred day moving average of $22.55.

Topaz Energy Company Profile

Topaz Energy (OTCMKTS:TPZEF) is a global provider of marine support and logistics services to the offshore oil and gas industry. The company specializes in operating a modern fleet of offshore support vessels designed to meet the operational needs of exploration, development and production activities. Its services encompass anchor handling, towing, platform supply, subsea support and emergency response, addressing critical requirements for safety, efficiency and environmental compliance.

Topaz Energy’s fleet includes anchor handling tug supply (AHTS) vessels, platform supply vessels (PSVs), subsea support vessels (SSVs) and multipurpose utility vessels.