Seven Generations Energy Ltd (VII) Price Target Cut to C$27.00
Seven Generations Energy Ltd (TSE:VII) had its price target dropped by equities research analysts at National Bank Financial from C$28.00 to C$27.00 in a report released on Friday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 37.97% from the stock’s previous close.
Several other equities analysts also recently commented on VII. Barclays PLC decreased their price target on shares of Seven Generations Energy from C$25.00 to C$24.00 in a research note on Monday. Royal Bank Of Canada cut their price objective on shares of Seven Generations Energy from C$28.00 to C$23.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$27.00 price objective on shares of Seven Generations Energy in a research report on Monday, August 21st. Eight Capital reissued a “neutral” rating and issued a C$22.00 target price on shares of Seven Generations Energy in a report on Wednesday, September 27th. Finally, TD Securities cut shares of Seven Generations Energy from an “action list buy” rating to a “buy” rating and dropped their target price for the stock from C$29.00 to C$26.00 in a report on Friday, August 4th. One research 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. Seven Generations Energy has an average rating of “Buy” and an average target price of C$30.77.
Shares of Seven Generations Energy (VII) traded down C$0.40 during trading hours on Friday, hitting C$19.78. The stock had a trading volume of 496,007 shares.
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In other Seven Generations Energy news, insider Canada Pension Plan Investment bought 303,900 shares of the stock in a transaction dated Wednesday, October 4th. The shares were bought at an average cost of C$20.23 per share, for a total transaction of C$6,147,897.00. Also, Director William Mcadam bought 7,330 shares of the stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of C$14.00 per share, for a total transaction of C$102,620.00. Over the last quarter, insiders purchased 3,304,599 shares of company stock worth $66,704,031.
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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