Trilogy Energy Corp Coverage Initiated at National Bank Financial (TET)
Analysts at National Bank Financial initiated coverage on shares of Trilogy Energy Corp (TSE:TET) in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm set a “sector perform” rating and a C$33.00 price target on the stock. National Bank Financial’s price target would indicate a potential upside of 15.30% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Trilogy Energy Corp from C$33.00 to C$35.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James upgraded shares of Trilogy Energy Corp from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, April 17th. They now have a C$43.00 price target on the stock, up previously from C$37.50. Finally, analysts at Barclays raised their price target on shares of Trilogy Energy Corp from C$29.00 to C$31.00 in a research note on Monday, April 14th. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Trilogy Energy Corp has an average rating of “Buy” and an average target price of C$34.27.
Shares of Trilogy Energy Corp (TSE:TET) traded down 1.24% during mid-day trading on Friday, hitting $28.62. 1,062,381 shares of the company’s stock traded hands. Trilogy Energy Corp has a 52 week low of $24.66 and a 52 week high of $33.14. The stock’s 50-day moving average is $29.14 and its 200-day moving average is $27.72. The company has a market cap of $3.582 billion and a P/E ratio of 289.80.
Trilogy Energy Corp (TSE:TET) last announced its earnings results on Friday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.10. On average, analysts predict that Trilogy Energy Corp will post $0.73 earnings per share for the current fiscal year.
The company also recently announced a apr 14 dividend, which is scheduled for Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.035 per share. The ex-dividend date is Monday, April 28th.
Trilogy Energy Corp. (TSE:TET) is a petroleum and natural gas-focused Canadian energy company.
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