The Raymond James Financial, Inc. Reiterates Outperform Rating for Trilogy Energy Corp (TET)

The Raymond James Financial, Inc. Reiterates Outperform Rating for Trilogy Energy Corp (TET)

Trilogy Energy Corp (TSE:TET)‘s stock had its “outperform” rating restated by Raymond James Financial, Inc. in a note issued to investors on Wednesday, StockTargetPrices.com reports. They presently have a C$12.00 target price on the stock. Raymond James Financial, Inc.’s price objective points to a potential upside of 70.70% from the company’s current price.

Several other research analysts have also commented on the company. RBC Capital Markets lifted their price target on Trilogy Energy Corp from C$6.00 to C$8.00 in a research report on Thursday, October 13th. Royal Bank Of Canada lifted their price target on Trilogy Energy Corp from C$6.00 to C$8.00 in a research report on Thursday, October 13th. Barclays PLC lifted their price target on Trilogy Energy Corp from C$5.00 to C$6.00 in a research report on Tuesday, October 11th. GMP Securities lifted their price target on Trilogy Energy Corp from C$7.25 to C$7.75 in a research report on Wednesday. Finally, TD Securities reiterated a “hold” rating and issued a C$6.50 price target on shares of Trilogy Energy Corp in a research report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$6.41.

Trilogy Energy Corp (TSE:TET) traded down 0.14% on Wednesday, reaching $7.02. The company’s stock had a trading volume of 103,030 shares. The company’s market capitalization is $884.98 million. Trilogy Energy Corp has a one year low of $1.99 and a one year high of $8.33. The firm has a 50-day moving average of $7.13 and a 200-day moving average of $6.68.

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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