Trilogy Energy Corp (TET) Receives Consensus Rating of “Hold” from Brokerages

Shares of Trilogy Energy Corp (TSE:TET) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$6.79.

A number of equities analysts have issued reports on TET shares. Scotiabank downgraded Trilogy Energy Corp from a “sector perform” rating to a “tender” rating and set a C$6.00 price target for the company. in a research note on Monday, July 10th. Laurentian Bank of Canada boosted their target price on Trilogy Energy Corp from C$7.00 to C$8.00 in a research note on Friday, July 7th. Laurentian lifted their price target on shares of Trilogy Energy Corp from C$7.00 to C$8.00 in a report on Friday, July 7th. National Bank Financial lowered their price target on shares of Trilogy Energy Corp from C$6.00 to C$5.00 and set a “tender” rating on the stock in a report on Friday, July 7th. Finally, TD Securities lifted their price target on shares of Trilogy Energy Corp from C$5.50 to C$6.00 and gave the stock a “hold” rating in a report on Monday, May 29th.

Trilogy Energy Corp (TSE:TET) traded down 1.02% during midday trading on Monday, reaching $4.86. The company had a trading volume of 74,927 shares. The company’s market capitalization is $612.87 million. Trilogy Energy Corp has a 12-month low of $4.30 and a 12-month high of $8.33. The stock has a 50-day moving average price of $4.95 and a 200 day moving average price of $5.65.

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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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