Seven Generations Energy (TSE:VII) had its target price dropped by equities research analysts at National Bank Financial from C$27.00 to C$26.00 in a report issued on Thursday, March 15th. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 57.77% from the company’s current price. National Bank Financial also issued estimates for Seven Generations Energy’s FY2019 earnings at $1.60 EPS.
Other research analysts also recently issued reports about the company. Raymond James Financial lifted their target price on Seven Generations Energy from C$25.50 to C$27.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 18th. Barclays cut their target price on Seven Generations Energy from C$25.00 to C$24.00 in a report on Friday, November 17th. TD Securities cut their target price on Seven Generations Energy from C$27.00 to C$25.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Scotiabank cut their target price on Seven Generations Energy from C$27.00 to C$22.00 and set an “outperform” rating on the stock in a report on Friday, November 17th. Finally, Eight Capital cut their target price on Seven Generations Energy from C$22.00 to C$20.50 in a report on Friday, November 17th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Seven Generations Energy presently has a consensus rating of “Buy” and a consensus target price of C$23.86.
Shares of VII stock opened at C$16.48 on Thursday. Seven Generations Energy has a twelve month low of C$13.62 and a twelve month high of C$27.08.
Seven Generations Energy (TSE:VII) last announced its earnings results on Wednesday, March 14th. The company reported C$0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.38 by C($0.02). The company had revenue of C$615.10 million for the quarter, compared to analyst estimates of C$608.44 million. Seven Generations Energy had a return on equity of 7.98% and a net margin of 16.64%.
In other Seven Generations Energy news, insider William Derek Aylesworth acquired 13,075 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were bought at an average cost of C$15.97 per share, with a total value of C$208,807.75. Also, insider Canada Pension Plan Investment acquired 1,000,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average cost of C$14.60 per share, for a total transaction of C$14,600,000.00.
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About Seven Generations Energy
Seven Generations Energy Ltd., an independent energy company, focuses on the acquisition, exploration, development, and production of condensate and natural gas properties in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 500,000 net acres located in the Kakwa area of northwest Alberta.
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