Trilogy Energy Corp Receives Consensus Recommendation of “Buy” from Brokerages (TSE:TET)
Trilogy Energy Corp (TSE:TET) has earned an average rating of “Buy” from the ten ratings firms that are currently covering the stock, American Banking & Market News reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$34.89.
Trilogy Energy Corp (TSE:TET) opened at 28.88 on Thursday. Trilogy Energy Corp has a one year low of $24.66 and a one year high of $32.38. The stock has a 50-day moving average of $27.87 and a 200-day moving average of $28.28. The company has a market cap of $3.632 billion and a price-to-earnings ratio of 134.19.
Trilogy Energy Corp (TSE:TET) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. On average, analysts predict that Trilogy Energy Corp will post $0.76 earnings per share for the current fiscal year.
The company also recently announced a aug 14 dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.035 per share. This represents a dividend yield of 1.48%. The ex-dividend date is Thursday, August 28th.
A number of research firms have recently commented on TET. Analysts at National Bank Financial upgraded shares of Trilogy Energy Corp from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 31st. They now have a C$34.00 price target on the stock, up previously from C$33.00. Separately, analysts at Barclays cut their price target on shares of Trilogy Energy Corp from C$31.00 to C$30.00 in a research note on Wednesday, July 23rd. They now have an “equal weight” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Trilogy Energy Corp from C$40.00 to C$41.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.
Trilogy Energy Corp. (TSE:TET) is a petroleum and natural gas-focused Canadian energy company.
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