FY2018 Earnings Forecast for Seven Generations Energy Ltd Issued By National Bank Financial (TSE:VII)
Seven Generations Energy Ltd (TSE:VII) – Investment analysts at National Bank Financial lifted their FY2018 earnings per share estimates for Seven Generations Energy in a report released on Thursday. National Bank Financial analyst T. Wood now anticipates that the company will earn $1.13 per share for the year, up from their prior estimate of $0.96.
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Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada lowered their price target on shares of Seven Generations Energy from C$28.00 to C$23.00 and set an “outperform” rating on the stock in a report on Friday. TD Securities downgraded shares of Seven Generations Energy from an “action list buy” rating to a “buy” rating and lowered their target price for the stock from C$29.00 to C$26.00 in a report on Friday. Barclays PLC lowered their target price on shares of Seven Generations Energy from C$36.00 to C$31.00 in a report on Monday, July 24th. BMO Capital Markets reissued an “outperform” rating and issued a C$35.00 target price on shares of Seven Generations Energy in a report on Friday, May 5th. Finally, CSFB boosted their price target on shares of Seven Generations Energy from C$32.00 to C$34.00 in a research report on Friday, July 7th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$33.68.
Shares of Seven Generations Energy (VII) opened at 17.18 on Monday. Seven Generations Energy has a 12-month low of $16.35 and a 12-month high of $32.90. The company has a market cap of $6.06 billion and a price-to-earnings ratio of 115.30. The company’s 50-day moving average is $21.92 and its 200-day moving average is $24.22.
In other Seven Generations Energy news, Director William Mcadam bought 5,800 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were purchased at an average price of C$20.67 per share, for a total transaction of C$119,886.00. Also, insider Patrick Beverley Carlson sold 126,067 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of C$26.02, for a total value of C$3,280,263.34. In the last quarter, insiders purchased 27,700 shares of company stock worth $495,817 and sold 275,616 shares worth $7,154,771.
Seven Generations Energy Company Profile
Seven Generations Energy Ltd., an independent energy company, focuses on the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 544,000 net acres located in the Kakwa area of northwest Alberta.
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