Topaz Energy (TPZEF) Set to Announce Earnings on Monday

Topaz Energy (OTCMKTS:TPZEF) will likely be posting its results after the market closes on Monday, November 2nd. Analysts expect Topaz Energy to post earnings of $0.2049 per share and revenue of $75.15 million for the quarter.

Topaz Energy Price Performance

Shares of Topaz Energy stock opened at $22.33 on Friday. Topaz Energy has a 52-week low of $17.44 and a 52-week high of $24.42. The business’s 50 day simple moving average is $21.68 and its 200 day simple moving average is $22.12.

Analysts Set New Price Targets

A number of brokerages have weighed in on TPZEF. Scotiabank reiterated an “outperform” rating on shares of Topaz Energy in a report on Friday, July 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Topaz Energy in a report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Topaz Energy Company Profile

Topaz Energy Corp. is a Canadian energy infrastructure and royalty company focused on generating revenue from long-life assets in the Western Canadian Sedimentary Basin. The company provides investors with exposure to oil and natural gas production without operating a conventional exploration and production business.

Topaz owns royalty interests in oil, natural gas and natural gas liquids properties, allowing it to receive a share of production revenues from underlying assets. It also owns interests in energy infrastructure, including natural gas processing and related midstream facilities, which support the transportation and processing of hydrocarbons produced in Western Canada.

The company’s portfolio is concentrated primarily in Alberta and British Columbia, where it partners with established energy producers and infrastructure operators.