Trilogy Energy Corp (TET) Price Target Raised to C$8.00 at RBC Capital Markets
Trilogy Energy Corp (TSE:TET) had its target price raised by stock analysts at RBC Capital Markets from C$6.00 to C$8.00 in a research note issued to investors on Thursday. RBC Capital Markets’ price target indicates a potential upside of 6.24% from the stock’s previous close.
Other research analysts have also issued research reports about the company. National Bank Financial decreased their target price on Trilogy Energy Corp from C$4.50 to C$4.25 in a research report on Wednesday, August 3rd. Barclays PLC lifted their target price on Trilogy Energy Corp from C$3.00 to C$5.00 in a research report on Friday, July 22nd. Royal Bank Of Canada raised their price target on Trilogy Energy Corp from C$5.00 to C$6.00 in a report on Thursday, July 14th. TD Securities reissued a “hold” rating and issued a C$6.00 price target on shares of Trilogy Energy Corp in a report on Tuesday, August 9th. Finally, FirstEnergy Capital raised their price target on Trilogy Energy Corp from C$5.00 to C$6.00 and gave the stock a “market perform” rating in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Trilogy Energy Corp currently has an average rating of “Hold” and a consensus target price of C$5.63.
Trilogy Energy Corp (TSE:TET) traded up 1.73% during mid-day trading on Thursday, reaching $7.66. The company’s stock had a trading volume of 142,450 shares. The company’s market capitalization is $965.64 million. Trilogy Energy Corp has a 1-year low of $1.99 and a 1-year high of $8.02. The firm has a 50 day moving average price of $6.75 and a 200-day moving average price of $5.57.
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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