Q3 2017 Earnings Forecast for Trilogy Energy Corp Issued By Cormark (TET)
Trilogy Energy Corp (TSE:TET) – Investment analysts at Cormark lowered their Q3 2017 EPS estimates for Trilogy Energy Corp in a research note issued on Thursday. Cormark analyst A. Arif now forecasts that the company will earn ($0.08) per share for the quarter, down from their previous forecast of ($0.05). Cormark also issued estimates for Trilogy Energy Corp’s Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at $0.13 EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.06) EPS, Q4 2018 earnings at ($0.06) EPS and FY2018 earnings at ($0.22) EPS.
A number of other brokerages also recently commented on TET. National Bank Financial lifted their target price on Trilogy Energy Corp from C$5.00 to C$5.33 and gave the company a “tender” rating in a research note on Thursday. Royal Bank Of Canada decreased their target price on Trilogy Energy Corp from C$7.00 to C$5.00 in a research note on Thursday, July 20th. TD Securities lifted their target price on Trilogy Energy Corp from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Monday, May 29th. Scotiabank downgraded Trilogy Energy Corp from a “sector perform” rating to a “tender” rating and set a C$6.00 target price for the company. in a research note on Monday, July 10th. Finally, CSFB began coverage on Trilogy Energy Corp in a research note on Tuesday, May 9th. They issued a “neutral” rating and a C$5.75 target price for the company. One investment 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’s stock. Trilogy Energy Corp has a consensus rating of “Hold” and a consensus price target of C$6.65.
Shares of Trilogy Energy Corp (TET) opened at 5.19 on Monday. The stock’s market capitalization is $654.48 million. The firm’s 50-day moving average price is $4.93 and its 200 day moving average price is $5.27. Trilogy Energy Corp has a 1-year low of $4.30 and a 1-year high of $8.33.
About Trilogy Energy Corp
Trilogy Energy Corp. acquires, develops, produces, and sells natural gas, crude oil, and natural gas liquids in Canada. Its petroleum and natural gas properties are primarily located in the province of Alberta. The companys total proved reserves and total proved plus probable reserves include 101.3 MMBoe and 117.4 MMBoe respectively.
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