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Laurentian Bank disclosed Trilogy Energy Corp. (TSE:TET), hiking its price target to $8.00 earlier today

Reporting a possible upside of 0.71%, Laurentian Bank upped the price target of Trilogy Energy Corp. (TSE:TET) to $8.00

Previously on Tuesday May 02, 2017, TD Securities reported about Trilogy Energy Corp. (TSE:TET) raised the target price from $0.00 to $5.00. At the time, this indicated a possible upside of 0.13%.

Yesterday Trilogy Energy Corp. (TSE:TET) traded 1.23% higher at $4.67. The company’s 50-day moving average is $5.06 and its 200-day moving average is $5.21. The last stock close price is down 10.82% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 130,078 shares of the stock were exchanged, down from an average trading volume of 190,033

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Trilogy Energy Corp. (TSE:TET)

Trilogy Energy Corp. has a 52 week low of $4.30 and a 52 week high of $8.33 The company’s market cap is currently $0.

In addition to Laurentian Bank reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $5.53 with 0 firms rating the stock a strong buy, 3 firms rating the stock a buy, 9 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Trilogy Energy Corp. (TSE:TET)

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. The Company's annual production from the Kaybob area is approximately 26,190 barrels of oil equivalent per day (Boe/d). The Company's annual production from the Grande Prairie area is approximately 1,580 Boe/d. Its undeveloped land base consists of approximately 525,280 gross acres of undeveloped lands, with multi-zone development potential. The Company's subsidiary is Trilogy Resources Ltd.

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