Seven Generations Energy Ltd (VII) Given New C$22.00 Price Target at Scotiabank

Seven Generations Energy Ltd (TSE:VII) had its price target decreased by Scotiabank from C$27.00 to C$22.00 in a research report report published on Friday morning. Scotiabank currently has an outperform rating on the stock.

Several other brokerages have also issued reports on VII. Eight Capital reaffirmed a neutral rating and issued a C$22.00 target price on shares of Seven Generations Energy in a research note on Wednesday, September 27th. National Bank Financial reduced their target price on shares of Seven Generations Energy from C$28.00 to C$27.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Barclays PLC reduced their target price on shares of Seven Generations Energy from C$25.00 to C$24.00 in a research note on Friday. Royal Bank Of Canada reduced their price objective on shares of Seven Generations Energy from C$33.00 to C$28.00 in a research note on Thursday, July 20th. Finally, BMO Capital Markets reduced their price objective on shares of Seven Generations Energy from C$27.00 to C$24.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of C$27.82.

Shares of Seven Generations Energy (TSE VII) traded up C$0.31 during midday trading on Friday, hitting C$16.89. 3,120,000 shares of the stock traded hands, compared to its average volume of 1,120,000. Seven Generations Energy has a one year low of C$16.06 and a one year high of C$32.90.

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In other news, Director Marty Leigh Proctor acquired 10,000 shares of Seven Generations Energy stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of C$16.59 per share, with a total value of C$165,900.00. Also, insider Canada Pension Plan Investment bought 303,900 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average price of C$20.23 per share, for a total transaction of C$6,147,897.00. Insiders have purchased a total of 3,308,269 shares of company stock worth $66,784,211 in 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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