Trilogy Energy Corp (TET) Price Target Raised to C$6.00
Trilogy Energy Corp (TSE:TET) had its price objective lifted by research analysts at Barclays PLC from C$5.00 to C$6.00 in a research note issued on Tuesday. Barclays PLC’s target price would indicate a potential downside of 21.57% from the company’s current price.
Several other research firms have also recently weighed in on TET. Royal Bank Of Canada upped their price objective on shares of Trilogy Energy Corp from C$5.00 to C$6.00 in a research report on Thursday, July 14th. National Bank Financial cut their price objective on shares of Trilogy Energy Corp from C$4.50 to C$4.25 in a research report on Wednesday, August 3rd. Raymond James Financial Inc. boosted their target price on Trilogy Energy Corp from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Monday, September 19th. Scotiabank reissued a “sector perform” rating and set a C$7.00 target price on shares of Trilogy Energy Corp in a research note on Friday, August 5th. Finally, CIBC initiated coverage on Trilogy Energy Corp in a research note on Wednesday, June 15th. They set a “sector perform” rating and a C$5.25 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$5.44.
Trilogy Energy Corp (TSE:TET) traded down 0.52% on Tuesday, reaching $7.61. 227,930 shares of the company traded hands. The stock’s market capitalization is $959.34 million. Trilogy Energy Corp has a one year low of $1.99 and a one year high of $8.02. The firm has a 50 day moving average of $6.68 and a 200-day moving average of $5.50.
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About Trilogy Energy Corp
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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