Shares of Seven Generations Energy Ltd (TSE:VII) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$16.02 and last traded at C$16.26, with a volume of 667379 shares changing hands. The stock had previously closed at C$16.44.
A number of research firms have recently issued reports on VII. JPMorgan Chase & Co. set a C$22.00 price objective on shares of Seven Generations Energy and gave the company an “overweight” rating in a research note on Monday, January 29th. Raymond James Financial lifted their price objective on shares of Seven Generations Energy from C$25.50 to C$27.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 18th. National Bank Financial lifted their price objective on shares of Seven Generations Energy from C$22.00 to C$27.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. BMO Capital Markets set a C$24.00 price objective on shares of Seven Generations Energy and gave the company an “outperform” rating in a research note on Wednesday, December 27th. Finally, Royal Bank of Canada dropped their price objective on shares of Seven Generations Energy from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Friday, November 17th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Seven Generations Energy has a consensus rating of “Buy” and an average target price of C$23.95.
The stock has a market capitalization of $5,740.00, a P/E ratio of 16.01 and a beta of 0.87.
In related news, Director William Mcadam purchased 9,900 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was acquired at an average price of C$13.15 per share, for a total transaction of C$130,185.00. Also, insider Canada Pension Plan Investment purchased 1,258,000 shares of the company’s stock in a transaction that occurred on 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. In the last 90 days, insiders purchased 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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