Trilogy Energy Corp (TET) Price Target Cut to C$5.00 by Analysts at Royal Bank Of Canada
Trilogy Energy Corp (TSE:TET) had its target price reduced by investment analysts at Royal Bank Of Canada from C$7.00 to C$5.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada’s price target points to a potential downside of 2.72% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. Scotiabank downgraded shares of Trilogy Energy Corp from a “sector perform” rating to a “tender” rating and set a C$6.00 price objective for the company. in a research report on Monday, July 10th. TD Securities boosted their price objective on shares of Trilogy Energy Corp from C$5.00 to C$5.50 and gave the company a “hold” rating in a research report on Tuesday, May 9th. Laurentian Bank of Canada boosted their price objective on shares of Trilogy Energy Corp from C$7.00 to C$8.00 in a research report on Friday, July 7th. Laurentian boosted their price objective on shares of Trilogy Energy Corp from C$7.00 to C$8.00 in a research report on Friday, July 7th. Finally, Raymond James Financial, Inc. boosted their price objective on shares of Trilogy Energy Corp from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$6.63.
Trilogy Energy Corp (TSE:TET) traded up 2.14% during midday trading on Thursday, reaching $5.25. The company had a trading volume of 119,545 shares. The stock’s 50 day moving average is $4.86 and its 200 day moving average is $5.41. The company’s market capitalization is $662.05 million. Trilogy Energy Corp has a one year low of $4.30 and a one year high of $8.33.
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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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