Topaz Energy Corp (TPZ – Research Report), the Energy sector company, was revisited by a Wall Street analyst yesterday. Analyst Anthony Linton from Jefferies reiterated a Buy rating on the stock and has a C$29.00 price target.
Anthony Linton has given his Buy rating due to a combination of factors that highlight Topaz Energy Corp’s strong financial and operational performance. The company’s royalty production and cash flow per share metrics were in line with expectations, demonstrating stability and resilience in a volatile market. Additionally, Topaz’s infrastructure assets are highly utilized, contributing to a robust operating margin, and the company’s cash tax horizon has been extended, improving its cash flow outlook.
Topaz Energy Corp’s diversified asset base and strong drilling activity further support the Buy rating. The company has maintained a solid leverage profile, with expectations of reducing net debt by the end of 2025. Its dividend proposition is well-funded, and the company benefits from a high-quality asset portfolio that supports partner growth programs. These factors, combined with its competitive trading metrics compared to peers, reinforce the positive outlook for Topaz Energy Corp.
Linton covers the Energy sector, focusing on stocks such as Gibson Energy, Paramount Resources, and Pembina Pipeline. According to TipRanks, Linton has an average return of 10.1% and a 70.31% success rate on recommended stocks.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a C$32.00 price target.