Cormark Weighs in on Trilogy Energy Corp’s Q3 2017 Earnings (TSE:TET)

Trilogy Energy Corp (TSE:TET) – Equities research analysts at Cormark cut their Q3 2017 earnings estimates for Trilogy Energy Corp in a research report issued to clients and investors on Thursday. Cormark analyst A. Arif now anticipates 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.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lowered their price target on shares of Trilogy Energy Corp from C$7.00 to C$5.00 in a report on Thursday, July 20th. Laurentian Bank of Canada 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. 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. 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. Finally, BMO Capital Markets lifted their price target on shares of Trilogy Energy Corp from C$4.75 to C$5.00 and gave the stock a “market perform” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of C$6.71.

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Trilogy Energy Corp (TSE TET) opened at 5.17 on Monday. The company’s 50-day moving average is $4.94 and its 200-day moving average is $5.26. Trilogy Energy Corp has a 52-week low of $4.30 and a 52-week high of $8.33. The firm’s market capitalization is $651.96 million.

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 company’s total proved reserves and total proved plus probable reserves include 101.3 MMBoe and 117.4 MMBoe respectively.

Earnings History and Estimates for Trilogy Energy Corp (TSE:TET)

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