Trilogy Energy Corp (TSE:TET) Receives Average Recommendation of “Hold” from Brokerages
Shares of Trilogy Energy Corp (TSE:TET) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$5.35.
A number of analysts recently issued reports on the company. Raymond James Financial Inc. set a C$8.50 price objective on Trilogy Energy Corp in a research note on Monday, June 6th. Beacon Securities reiterated a “buy” rating on shares of Trilogy Energy Corp in a research note on Wednesday, June 8th. CIBC assumed coverage on Trilogy Energy Corp in a research note on Wednesday, June 15th. They set a “sector perform” rating and a C$5.25 price objective on the stock. Royal Bank Of Canada boosted their price objective on Trilogy Energy Corp from C$5.00 to C$6.00 in a research note on Thursday, July 14th. Finally, Barclays PLC boosted their price objective on Trilogy Energy Corp from C$3.00 to C$5.00 in a research note on Friday, July 22nd.
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Trilogy Energy Corp (TSE:TET) traded up 1.47% during trading on Wednesday, reaching $6.89. The company’s stock had a trading volume of 72,847 shares. The company’s market cap is $868.57 million. Trilogy Energy Corp has a 52-week low of $1.99 and a 52-week high of $7.26. The stock has a 50-day moving average price of $6.27 and a 200 day moving average price of $5.21.
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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