Seven Generations Energy (TSE:VII) had its price objective lowered by investment analysts at BMO Capital Markets from C$13.00 to C$9.50 in a report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 49.61% from the company’s current price.
A number of other research analysts have also recently issued reports on VII. Eight Capital cut Seven Generations Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$14.50 to C$13.00 in a report on Monday, March 4th. CIBC cut their price objective on Seven Generations Energy from C$16.00 to C$15.00 in a report on Monday, May 6th. JPMorgan Chase & Co. cut their price objective on Seven Generations Energy from C$17.00 to C$16.00 in a report on Monday, May 13th. TD Securities cut their price objective on Seven Generations Energy from C$19.00 to C$18.50 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, National Bank Financial lifted their price objective on Seven Generations Energy from C$14.00 to C$15.50 in a report on Monday, April 8th.
VII stock traded down C$0.25 during midday trading on Friday, hitting C$6.35. The stock had a trading volume of 488,635 shares, compared to its average volume of 1,483,444. The stock has a market cap of $2.33 billion and a P/E ratio of 5.36. Seven Generations Energy has a 52 week low of C$6.32 and a 52 week high of C$17.24. The company has a debt-to-equity ratio of 43.03, a current ratio of 0.69 and a quick ratio of 0.65.
In related news, Director Marty Leigh Proctor acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of C$8.36 per share, with a total value of C$83,610.00. Following the completion of the acquisition, the director now owns 237,821 shares in the company, valued at C$1,988,421.38.
Seven Generations Energy Company Profile
Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.
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