Seven Generations Energy Ltd (VII) Earns “Outperform” Rating from BMO Capital Markets
Seven Generations Energy Ltd (TSE:VII)‘s stock had its “outperform” rating reaffirmed by stock analysts at BMO Capital Markets in a research note issued on Thursday. They presently have a C$27.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 44.39% from the company’s current price.
Several other equities analysts have also weighed in on VII. Royal Bank Of Canada reduced their price objective on Seven Generations Energy from C$28.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Barclays PLC reduced their price objective on Seven Generations Energy from C$29.75 to C$25.00 in a research note on Friday, August 4th. TD Securities lowered Seven Generations Energy from an “action list buy” rating to a “buy” rating and reduced their price objective for the company from C$29.00 to C$26.00 in a research note on Friday, August 4th. National Bank Financial reduced their price objective on Seven Generations Energy from C$38.00 to C$37.00 in a research note on Friday, June 23rd. Finally, CSFB lifted their price objective on Seven Generations Energy from C$32.00 to C$34.00 in a research note on Friday, July 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Seven Generations Energy presently has an average rating of “Buy” and a consensus target price of C$32.95.
Shares of Seven Generations Energy (VII) traded up 0.38% during mid-day trading on Thursday, reaching $18.70. 815,025 shares of the company’s stock were exchanged. Seven Generations Energy has a 52 week low of $16.35 and a 52 week high of $32.90. The stock has a 50 day moving average price of $18.69 and a 200 day moving average price of $22.56. The stock has a market cap of $6.63 billion and a price-to-earnings ratio of 22.26.
In related news, Director William Mcadam purchased 7,330 shares of Seven Generations Energy stock in a transaction that occurred on Monday, August 14th. The shares were purchased at an average cost of C$14.00 per share, with a total value of C$102,620.00. Also, insider Canada Pension Plan Investment purchased 1,460 shares of Seven Generations Energy stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average cost of C$19.22 per share, for a total transaction of C$28,061.20. Insiders have purchased a total of 36,240 shares of company stock worth $618,156 over the last three months.
Seven Generations Energy Company Profile
Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of tight and shale hydrocarbon resource plays.
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