Trilogy Energy Corp (TSE:TET) Given Consensus Recommendation of “Hold” by Analysts
Trilogy Energy Corp (TSE:TET) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$6.71.
TET has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their target price on shares of Trilogy Energy Corp from C$7.00 to C$5.00 in a research report on Thursday, July 20th. Laurentian Bank of Canada upped their target price on shares of Trilogy Energy Corp from C$7.00 to C$8.00 in a research report on Friday, July 7th. Laurentian upped their target price on shares of Trilogy Energy Corp from C$7.00 to C$8.00 in a research report on Friday, July 7th. TD Securities upped their target price on shares of Trilogy Energy Corp from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research report on Monday, May 29th. Finally, BMO Capital Markets upped their target price on shares of Trilogy Energy Corp from C$4.75 to C$5.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 9th.
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Shares of Trilogy Energy Corp (TET) traded up 1.23% during midday trading on Friday, reaching $5.77. 130,078 shares of the company were exchanged. Trilogy Energy Corp has a 52-week low of $4.30 and a 52-week high of $8.33. The stock’s market capitalization is $727.79 million. The company’s 50-day moving average price is $5.02 and its 200 day moving average price is $5.21.
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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