Seven Generations Energy Ltd (VII) Given New C$24.00 Price Target at Barclays PLC
Seven Generations Energy Ltd (TSE:VII) had its price objective dropped by analysts at Barclays PLC from C$25.00 to C$24.00 in a report issued on Monday. Barclays PLC’s price objective indicates a potential upside of 24.93% from the company’s previous close.
VII has been the topic of several other research reports. Royal Bank Of Canada lowered their target price on Seven Generations Energy from C$33.00 to C$28.00 in a research note on Thursday, July 20th. CSFB boosted their price target on Seven Generations Energy from C$32.00 to C$34.00 in a research note on Friday, July 7th. TD Securities cut Seven Generations Energy from an “action list buy” rating to a “buy” rating and lowered their price target 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 issued a C$22.00 price target on shares of Seven Generations Energy in a research note on Wednesday, September 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$27.00 target price on shares of Seven Generations Energy in a research report on Thursday, September 14th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$31.68.
Shares of Seven Generations Energy (TSE:VII) traded up 3.05% during trading on Monday, hitting $19.23. 1,227,682 shares of the stock were exchanged. The stock has a market cap of $6.82 billion and a P/E ratio of 22.89. The stock has a 50-day moving average of $19.01 and a 200 day moving average of $21.46. Seven Generations Energy has a 12-month low of $16.35 and a 12-month high of $32.90.
In other news, Director Marty Leigh Proctor bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were acquired at an average price of C$16.96 per share, with a total value of C$339,200.00. Also, insider Canada Pension Plan Investment bought 860,300 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average cost of C$20.35 per share, for a total transaction of C$17,507,105.00. In the last quarter, insiders purchased 3,325,999 shares of company stock worth $67,067,087.
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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