Seven Generations Energy Ltd (VII) Receives Average Recommendation of “Buy” from Brokerages
Seven Generations Energy Ltd (TSE:VII) has earned an average rating of “Buy” from the twelve analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$32.04.
Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reduced their price objective on shares of 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 shares of Seven Generations Energy from C$36.00 to C$31.00 in a research note on Monday, July 24th. TD Securities downgraded shares of 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. Eight Capital reissued a “neutral” rating and set a C$22.00 price objective on shares of Seven Generations Energy in a research note on Wednesday, September 27th. Finally, CSFB upped their price objective on shares of Seven Generations Energy from C$32.00 to C$34.00 in a research note on Friday, July 7th.
Shares of Seven Generations Energy (TSE VII) opened at 20.33 on Wednesday. Seven Generations Energy has a one year low of $16.35 and a one year high of $32.90. The firm has a market cap of $7.21 billion and a P/E ratio of 24.20. The stock’s 50 day moving average is $18.97 and its 200-day moving average is $21.99.
In related news, Director Marty Leigh Proctor purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of C$16.96 per share, with a total value of C$339,200.00. Also, Director William Mcadam purchased 7,330 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of C$14.00 per share, with a total value of C$102,620.00. Insiders have purchased 1,416,030 shares of company stock valued at $28,440,642 in the last ninety days.
About Seven Generations Energy
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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