Trilogy Energy Corp (TSE:TET) had its price target raised by Raymond James Financial Inc. from C$10.00 to C$11.50 in a research report issued on Monday. The firm currently has an “outperform” rating on the stock. Raymond James Financial Inc.’s target price indicates a potential upside of 69.37% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TET. Royal Bank Of Canada lifted their price target on shares of Trilogy Energy Corp from C$5.00 to C$6.00 in a research report on Thursday, July 14th. TD Securities reiterated a “hold” rating and set a C$6.00 price target on shares of Trilogy Energy Corp in a research report on Tuesday, August 9th. Barclays PLC lifted their price target on shares of Trilogy Energy Corp from C$3.00 to C$5.00 in a research report on Friday, July 22nd. FirstEnergy Capital lifted their price objective on shares of Trilogy Energy Corp from C$5.00 to C$6.00 and gave the company a “market perform” rating in a report on Monday, August 8th. Finally, Scotiabank restated a “sector perform” rating and issued a C$7.00 price objective on shares of Trilogy Energy Corp in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$5.35.

Shares of Trilogy Energy Corp (TSE:TET) opened at 6.79 on Monday. Trilogy Energy Corp has a 12 month low of $1.99 and a 12 month high of $7.26. The stock’s market cap is $855.97 million. The stock has a 50 day moving average of $6.27 and a 200 day moving average of $5.21.

About Trilogy Energy Corp

Trilogy Energy Corp. is a Canada-based petroleum and natural gas-focused energy company. The Company acquires, develops, produces and sells natural gas, crude oil and natural gas liquids. The Company’s oil and gas properties are located in the Kaybob area and Grande Prairie area of Alberta. Its Kaybob area properties include Kaybob Montney Oil Pool Development, Presley Montney Gas Development, Duvernay Shale Oil and Gas Development, Gething Oil Development and Dunvegan Oil Play.

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