Trilogy Energy Upgraded by BMO Capital Markets to “Outperform” (TET)
Trilogy Energy (TSE:TET) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. The firm currently has a C$33.00 price objective on the stock, up from their previous price objective of C$32.00. BMO Capital Markets’ price objective indicates a potential upside of 21.10% from the stock’s previous close.
Shares of Trilogy Energy (TSE:TET) traded up 2.31% during mid-day trading on Wednesday, hitting $27.88. The stock had a trading volume of 516,862 shares. Trilogy Energy has a 52-week low of $25.78 and a 52-week high of $33.14. The stock has a 50-day moving average of $31.4 and a 200-day moving average of $29.59. The company has a market cap of $3.291 billion and a P/E ratio of 143.42.
The company also recently declared a dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.0331 per share. The ex-dividend date of this dividend is Friday, December 27th.
Several other analysts have also recently commented on the stock. Analysts at Raymond James initiated coverage on shares of Trilogy Energy in a research note to investors on Tuesday, November 26th. They set an “outperform” rating and a C$37.00 price target on the stock. Separately, analysts at National Bank Financial cut their price target on shares of Trilogy Energy from C$33.50 to C$31.50 in a research note to investors on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$33.40.
Trilogy Energy Corp. (TSE:TET) is petroleum and natural gas-focused corporation, which acquires, develops, produces and sells natural gas, crude oil and natural gas liquids.
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