Trilogy Energy Corp to Post FY2016 Earnings of ($0.75) Per Share, Beacon Securities Forecasts (TET)

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Trilogy Energy Corp (TSE:TET) – Research analysts at Beacon Securities increased their FY2016 earnings estimates for Trilogy Energy Corp in a research report issued to clients and investors on Monday. Beacon Securities analyst K. Wilson now anticipates that the brokerage will post earnings of ($0.75) per share for the year, up from their prior estimate of ($0.76). Beacon Securities currently has a “Buy” rating on the stock.
Several other brokerages have also issued reports on TET. Royal Bank Of Canada lifted their price target on Trilogy Energy Corp from C$5.00 to C$6.00 in a research note on Thursday, July 14th. TD Securities reiterated a “hold” rating and issued a C$6.00 price target on shares of Trilogy Energy Corp in a research note on Tuesday, August 9th. Barclays PLC lifted their price target on Trilogy Energy Corp from C$3.00 to C$5.00 in a research note on Friday, July 22nd. FirstEnergy Capital lifted their price target on Trilogy Energy Corp from C$5.00 to C$6.00 and gave the company a “market perform” rating in a research note on Monday, August 8th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$7.00 price target on shares of Trilogy Energy Corp in a research note on Friday, August 5th. 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 stock. The company presently has an average rating of “Hold” and a consensus price target of C$5.17.
Trilogy Energy Corp (TSE:TET) traded down 1.25% during midday trading on Wednesday, hitting $6.34. The stock had a trading volume of 219,103 shares. The company’s 50 day moving average price is $6.13 and its 200-day moving average price is $5.08. The stock’s market capitalization is $799.24 million. Trilogy Energy Corp has a 52 week low of $1.99 and a 52 week high of $7.26.

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Trilogy Energy Corp Company Profile
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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