Analysts Set Seven Generations Energy Ltd (VII) PT at $24.17

Seven Generations Energy Ltd (TSE:VII) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$24.17.

Several research firms recently issued reports on VII. Raymond James Financial increased their price target on shares of Seven Generations Energy from C$25.50 to C$27.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Barclays reduced their price target on shares of Seven Generations Energy from C$25.00 to C$24.00 in a research report on Friday, November 17th. TD Securities cut their target price on shares of Seven Generations Energy from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research report on Friday, November 17th. Scotiabank cut their target price on shares of Seven Generations Energy from C$27.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday, November 17th. Finally, Eight Capital cut their target price on shares of Seven Generations Energy from C$22.00 to C$20.50 in a research report on Friday, November 17th.

Seven Generations Energy (TSE VII) traded up C$0.15 during midday trading on Friday, hitting C$18.75. 849,826 shares of the company traded hands, compared to its average volume of 648,918. The firm has a market cap of $6,650.00, a price-to-earnings ratio of 18.56 and a beta of 0.99. Seven Generations Energy has a twelve month low of C$16.06 and a twelve month high of C$27.74.

Seven Generations Energy (TSE:VII) last posted its quarterly earnings results on Thursday, November 2nd. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.15 by C$0.09. Seven Generations Energy had a net margin of 16.64% and a return on equity of 7.98%.

In other Seven Generations Energy news, insider Timothy Lauer Stauft purchased 2,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was purchased at an average price of C$16.84 per share, with a total value of C$33,680.00. Also, Director Marty Leigh Proctor purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of C$16.59 per share, with a total value of C$165,900.00. Insiders acquired 1,530,900 shares of company stock worth $26,095,085 in the last 90 days.

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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.

Analyst Recommendations for Seven Generations Energy (TSE:VII)

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