Trilogy Energy Corp (TET) Given Consensus Recommendation of “Hold” by Brokerages
Trilogy Energy Corp (TSE:TET) has been given an average rating of “Hold” by the fourteen ratings firms that are presently covering the stock. Seven investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$5.96.
A number of analysts recently commented on the stock. TD Securities restated a “hold” rating and set a C$6.00 price target on shares of Trilogy Energy Corp in a research note on Tuesday, August 9th. Royal Bank Of Canada restated a “sector perform” rating and set a C$8.00 price target on shares of Trilogy Energy Corp in a research note on Tuesday, November 8th. National Bank Financial dropped their price target on shares of Trilogy Energy Corp from C$4.50 to C$4.25 in a research note on Wednesday, August 3rd. Raymond James Financial Inc. upped their price target on shares of Trilogy Energy Corp from C$10.00 to C$11.50 and gave the company an “outperform” rating in a research note on Monday, September 19th. Finally, Scotiabank restated a “sector perform” rating and set a C$7.00 price target on shares of Trilogy Energy Corp in a research note on Tuesday, November 8th.
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Trilogy Energy Corp (TSE:TET) traded up 18.87% during midday trading on Wednesday, hitting $6.55. 526,916 shares of the stock were exchanged. The firm’s market capitalization is $825.73 million. The firm’s 50-day moving average price is $6.87 and its 200 day moving average price is $6.19. Trilogy Energy Corp has a 1-year low of $1.99 and a 1-year high of $8.33.
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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