In a report released yesterday, Jeremy Mccrea from BMO Capital maintained a Buy rating on Topaz Energy Corp (TPZ – Research Report), with a price target of C$32.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Jeremy Mccrea has given his Buy rating due to a combination of factors that highlight Topaz Energy Corp’s strong positioning in the current market environment. The company benefits from its high-quality infrastructure assets and royalties on premier Canadian plays, which provide a defensive advantage amid macroeconomic uncertainties. The recent quarterly results exceeded expectations, with production and cash flow figures surpassing consensus estimates, further boosting investor confidence.
Additionally, Topaz Energy Corp’s commitment to returning capital to shareholders is evident through its dividend increase and substantial dividend payouts. The company’s maintained production guidance for 2025 and its significant market share in the WCSB rig activity further underscore its stability and growth potential. These factors collectively make Topaz Energy Corp an attractive investment opportunity, justifying the Buy rating.
In another report released today, Jefferies also reiterated a Buy rating on the stock with a C$29.00 price target.
TPZ’s price has also changed moderately for the past six months – from C$27.650 to C$23.200, which is a -16.09% drop .