Trilogy Energy Corp (TET) Price Target Raised to C$8.00 at RBC Capital Markets
Trilogy Energy Corp (TSE:TET) had its price objective raised by stock analysts at RBC Capital Markets from C$6.00 to C$8.00 in a research report issued on Thursday. RBC Capital Markets’ price target suggests a potential upside of 6.24% from the company’s previous close.
TET has been the topic of several other research reports. Barclays PLC upped their price objective on Trilogy Energy Corp from C$5.00 to C$6.00 in a report on Tuesday. FirstEnergy Capital increased their price target on Trilogy Energy Corp from C$5.00 to C$6.00 and gave the company a “market perform” rating in a research note on Monday, August 8th. Royal Bank Of Canada increased their price target on Trilogy Energy Corp from C$5.00 to C$6.00 in a research note on Thursday, July 14th. Raymond James Financial Inc. increased their price target on Trilogy Energy Corp from C$10.00 to C$11.50 and gave the company an “outperform” rating in a research note on Monday, September 19th. Finally, Scotiabank reissued a “sector perform” rating and issued a C$7.00 price target on shares of Trilogy Energy Corp in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$5.63.
Shares of Trilogy Energy Corp (TSE:TET) traded up 1.73% on Thursday, hitting $7.66. The stock had a trading volume of 142,450 shares. The firm has a 50 day moving average price of $6.75 and a 200 day moving average price of $5.57. Trilogy Energy Corp has a one year low of $1.99 and a one year high of $8.02. The company’s market capitalization is $965.64 million.
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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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