Seven Generations Energy (VII) Hits New 52-Week Low at $16.02

Shares of Seven Generations Energy Ltd (TSE:VII) reached a new 52-week low on Tuesday . The stock traded as low as C$16.02 and last traded at C$16.26, with a volume of 667379 shares trading hands. The stock had previously closed at C$16.44.

Several analysts have weighed in on VII shares. Barclays lowered their target price on shares of Seven Generations Energy from C$25.00 to C$24.00 in a research note on Monday, October 30th. BMO Capital Markets lowered their target price on shares of Seven Generations Energy from C$27.00 to C$24.00 in a research note on Friday, November 17th. CSFB lowered their target price on shares of Seven Generations Energy from C$28.00 to C$27.00 in a research note on Friday, November 17th. Eight Capital lowered their target price on shares of Seven Generations Energy from C$22.00 to C$20.50 in a research note on Friday, November 17th. Finally, TD Securities lowered their target price on shares of Seven Generations Energy from C$27.00 to C$25.00 and set a “buy” rating for the company in a research note on Friday, November 17th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$23.95.

The stock has a market cap of $5,740.00, a price-to-earnings ratio of 16.01 and a beta of 0.87.

In other news, insider Canada Pension Plan Investment purchased 1,258,000 shares of Seven Generations Energy stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of C$16.99 per share, with a total value of C$21,373,420.00. Also, Director Marty Leigh Proctor purchased 10,000 shares of Seven Generations Energy stock in a transaction dated Friday, November 17th. The shares were purchased at an average cost of C$16.59 per share, with a total value of C$165,900.00. In the last three months, insiders have bought 1,530,900 shares of company stock valued at $26,095,085.

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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.

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