Trilogy Energy Corp Forecasted to Earn Q3 2017 Earnings of ($0.08) Per Share (TET)
Trilogy Energy Corp (TSE:TET) – Investment analysts at Cormark cut their Q3 2017 earnings estimates for Trilogy Energy Corp in a research report issued on Thursday. Cormark analyst A. Arif now expects that the company will earn ($0.08) per share for the quarter, down from their prior forecast of ($0.05). Cormark also issued estimates for Trilogy Energy Corp’s Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at $0.13 EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.22) EPS.
TET has been the subject of several other research reports. CSFB initiated coverage on Trilogy Energy Corp in a research report on Tuesday, May 9th. They issued a “neutral” rating and a C$5.75 price objective for the company. Laurentian lifted their price objective on Trilogy Energy Corp from C$7.00 to C$8.00 in a research report on Friday, July 7th. National Bank Financial cut their price objective on Trilogy Energy Corp from C$6.00 to C$5.00 and set a “tender” rating for the company in a research report on Friday, July 7th. BMO Capital Markets lifted their price objective on Trilogy Energy Corp from C$4.75 to C$5.00 and gave the company a “market perform” rating in a research report on Tuesday, May 9th. Finally, TD Securities reiterated a “hold” rating and issued a C$5.00 price objective on shares of Trilogy Energy Corp in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$6.65.
Shares of Trilogy Energy Corp (TSE TET) opened at 5.19 on Monday. Trilogy Energy Corp has a one year low of $4.30 and a one year high of $8.33. The stock’s 50 day moving average price is $4.93 and its 200-day moving average price is $5.27. The stock’s market cap is $654.48 million.
About Trilogy Energy Corp
Trilogy Energy Corp. acquires, develops, produces, and sells natural gas, crude oil, and natural gas liquids in Canada. Its petroleum and natural gas properties are primarily located in the province of Alberta. The companys total proved reserves and total proved plus probable reserves include 101.3 MMBoe and 117.4 MMBoe respectively.
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