Trilogy Energy Corp (TET) Given Consensus Recommendation of “Hold” by Brokerages
Trilogy Energy Corp (TSE:TET) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock. Seven equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$5.96.
Several research analysts have issued reports on TET shares. National Bank Financial dropped their target price on shares of Trilogy Energy Corp from C$4.50 to C$4.25 in a report on Wednesday, August 3rd. RBC Capital Markets increased their target price on shares of Trilogy Energy Corp from C$6.00 to C$8.00 in a report on Thursday, October 13th. Royal Bank Of Canada increased their price target on shares of Trilogy Energy Corp from C$6.00 to C$8.00 in a research report on Thursday, October 13th. Barclays PLC increased their price target on shares of Trilogy Energy Corp from C$5.00 to C$6.00 in a research report on Tuesday, October 11th. Finally, TD Securities reissued a “hold” rating and set a C$6.50 price target on shares of Trilogy Energy Corp in a research report on Wednesday, November 9th.
Shares of Trilogy Energy Corp (TSE:TET) traded up 18.87% on Wednesday, reaching $6.55. 526,916 shares of the company’s stock traded hands. Trilogy Energy Corp has a 12-month low of $1.99 and a 12-month high of $8.33. The stock has a 50-day moving average price of $6.87 and a 200-day moving average price of $6.19. The company’s market cap is $825.73 million.
Trilogy Energy Corp Company Profile
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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