Trilogy Energy Corp (TET) Given Consensus Recommendation of “Hold” by Brokerages
Trilogy Energy Corp (TSE:TET) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$6.71.
TET has been the topic of a number of research reports. Royal Bank Of Canada cut their price target on shares of Trilogy Energy Corp from C$7.00 to C$5.00 in a research note on Thursday, July 20th. TD Securities reaffirmed a “hold” rating and issued a C$5.00 price target on shares of Trilogy Energy Corp in a research note on Tuesday, May 2nd. Scotiabank lowered shares of Trilogy Energy Corp from a “sector perform” rating to a “tender” rating and set a C$6.00 price target on the stock. in a research note on Monday, July 10th. Laurentian Bank of Canada lifted their price target on shares of Trilogy Energy Corp from C$7.00 to C$8.00 in a research note on Friday, July 7th. Finally, National Bank Financial lifted their price target on shares of Trilogy Energy Corp from C$5.00 to C$5.33 and gave the company a “tender” rating in a research note on Thursday, August 3rd.
Trilogy Energy Corp (TSE TET) traded up 1.23% during midday trading on Friday, reaching $5.77. 130,078 shares of the company’s stock were exchanged. The stock’s market cap is $727.79 million. Trilogy Energy Corp has a 1-year low of $4.30 and a 1-year high of $8.33. The firm’s 50-day moving average is $5.02 and its 200 day moving average is $5.21.
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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