Trilogy Energy Corp (TET) Price Target Raised to C$8.00
Trilogy Energy Corp (TSE:TET) had its target price raised by stock analysts at Royal Bank Of Canada from C$6.00 to C$8.00 in a note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price objective indicates a potential upside of 5.26% from the company’s previous close.
Several other equities analysts have also recently weighed in on TET. Raymond James Financial Inc. raised their price objective 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. CIBC initiated coverage on Trilogy Energy Corp in a research note on Wednesday, June 15th. They issued a “sector perform” rating and a C$5.25 price objective on the stock. Scotiabank restated a “sector perform” rating and issued a C$7.00 price objective on shares of Trilogy Energy Corp in a research note on Friday, August 5th. National Bank Financial lowered their price objective on Trilogy Energy Corp from C$4.50 to C$4.25 in a research note on Wednesday, August 3rd. Finally, TD Securities restated a “hold” rating and issued a C$6.00 price objective on shares of Trilogy Energy Corp in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$5.79.
Shares of Trilogy Energy Corp (TSE:TET) traded up 0.93% during mid-day trading on Thursday, hitting $7.60. 217,178 shares of the stock were exchanged. Trilogy Energy Corp has a 12-month low of $1.99 and a 12-month high of $8.02. The stock’s market capitalization is $958.08 million. The stock’s 50 day moving average price is $6.75 and its 200-day moving average price is $5.57.
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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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