Research Analysts Set Expectations for Seven Generations Energy Ltd’s Q3 2017 Earnings (VII)
Seven Generations Energy Ltd (TSE:VII) – Equities researchers at Cormark lowered their Q3 2017 earnings per share (EPS) estimates for shares of Seven Generations Energy in a research report issued on Friday. Cormark analyst A. Arif now anticipates that the company will earn $0.23 per share for the quarter, down from their prior forecast of $0.30. Cormark also issued estimates for Seven Generations Energy’s FY2017 earnings at $1.62 EPS, Q2 2018 earnings at $0.33 EPS, FY2018 earnings at $1.34 EPS and FY2019 earnings at $1.53 EPS.
A number of other brokerages also recently commented on VII. Scotiabank reduced their price objective on Seven Generations Energy from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. TD Securities reiterated an “action list buy” rating and set a C$37.00 price objective on shares of Seven Generations Energy in a research report on Friday, May 5th. Royal Bank Of Canada reduced their price objective on Seven Generations Energy from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. BMO Capital Markets reiterated an “outperform” rating and set a C$35.00 price objective on shares of Seven Generations Energy in a research report on Friday, May 5th. Finally, National Bank Financial reduced their price objective on Seven Generations Energy from C$38.00 to C$37.00 in a research report on Friday, June 23rd. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Seven Generations Energy has a consensus rating of “Buy” and a consensus target price of C$33.68.
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Seven Generations Energy (TSE:VII) opened at 17.18 on Monday. The stock’s 50 day moving average price is $21.92 and its 200 day moving average price is $24.22. The company has a market cap of $6.06 billion and a P/E ratio of 115.30. Seven Generations Energy has a 52-week low of $16.35 and a 52-week high of $32.90.
In other Seven Generations Energy news, insider Kevin James Johnston sold 5,210 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of C$26.78, for a total transaction of C$139,523.80. Also, Director William Mcadam bought 5,800 shares of the business’s stock in a transaction on Friday, July 7th. The shares were acquired at an average cost of C$20.67 per share, with a total value of C$119,886.00. In the last quarter, insiders have purchased 27,700 shares of company stock worth $495,817 and have 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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