Trioil Resources Rating Lowered to Market Perform at Raymond James (TOL)
Trioil Resources (CVE:TOL) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, Analyst Ratings.Net reports. They currently have a C$2.85 price target on the stock, down from their previous price target of C$3.75. Raymond James’ price target indicates a potential upside of 1.42% from the stock’s previous close.
Separately, analysts at Canaccord Genuity initiated coverage on shares of Trioil Resources (CVE:TOL) in a research note to investors on Tuesday, July 9th. They set a “hold” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$3.38.
TriOil Resources Ltd. (CVE:TOL), formerly One Exploration Inc, is engaged in the acquisition of, exploration for and development of petroleum and natural gas in Western Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.