How Analysts Feel About Trilogy Energy Corp After Today’s Gap Up?

 How Analysts Feel About Trilogy Energy Corp After Today's Gap Up?

The stock of Trilogy Energy Corp (TSE:TET) gapped up by $0.14 today and has $7.45 target or 8.00% above today’s $6.90 share price. The 6 months technical chart setup indicates low risk for the $859.50M company. The gap was reported on Dec, 1 by Barchart.com. If the $7.45 price target is reached, the company will be worth $68.76 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 386,353 shares traded hands or 64.98% up from the average. Trilogy Energy Corp (TSE:TET) has risen 25.87% since April 27, 2016 and is uptrending. It has outperformed by 19.94% the S&P500.

Trilogy Energy Corp (TSE:TET) Ratings Coverage

Out of 8 analysts covering Trilogy Energy Corp (TSE:TET), 1 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 13% are positive. Trilogy Energy Corp has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Trilogy Energy Corp (TSE:TET) has “Sector Perform” rating given on Thursday, November 26 by National Bank Canada. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, November 8. The firm earned “” rating on Monday, June 6 by Raymond James. The stock of Trilogy Energy Corp (TSE:TET) earned “Neutral” rating by Dundee Securities on Tuesday, January 12. The rating was initiated by IBC on Wednesday, June 15 with “Sector Perform”. The firm has “Hold” rating given on Friday, November 20 by GMP Securities. The firm earned “Sector Perform” rating on Tuesday, November 8 by Scotia Capital. On Wednesday, November 9 the stock rating was maintained by TD Securities with “Hold”. The company was maintained on Monday, October 31 by RBC Capital Markets.

Another recent and important Trilogy Energy Corp (TSE:TET) news was published by Marketwired.com which published an article titled: “Trilogy Energy Corp. Announces Crude Oil Emulsion Release in Kaybob Area” on October 07, 2016.

Trilogy Energy Corp. is a Canada-based petroleum and natural gas-focused energy company. The company has a market cap of $859.50 million. The Firm acquires, develops, produces and sells crude oil, natural gas and natural gas liquids. It currently has negative earnings. The Company’s gas and oil properties are located in the Kaybob area and Grande Prairie area of Alberta.

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