Eight Capital upgraded shares of Seven Generations Energy (TSE:VII) from a neutral rating to a buy rating in a report issued on Thursday, March 15th.
VII has been the subject of several other research reports. CSFB cut their price objective on Seven Generations Energy from C$28.00 to C$27.00 in a report on Friday, November 17th. Royal Bank of Canada cut their target price on Seven Generations Energy from C$22.00 to C$21.00 and set an outperform rating on the stock in a research report on Friday, November 17th. Scotiabank dropped their price target on 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. JPMorgan Chase set a C$22.00 price target on Seven Generations Energy and gave the company an overweight rating in a research report on Monday, January 29th. Finally, TD Securities dropped 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 research report on Friday, November 17th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of C$23.86.
TSE:VII traded down C$0.14 during midday trading on Thursday, reaching C$16.48. 1,556,291 shares of the company traded hands, compared to its average volume of 890,094. 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 quarterly earnings results on Wednesday, March 14th. The company reported C$0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.38 by C($0.02). The business 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 related news, insider William Derek Aylesworth bought 13,075 shares of the company’s stock in a transaction dated Friday, March 23rd. The stock was acquired 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 purchased 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average cost of C$14.60 per share, with a total value of C$14,600,000.00.
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Seven Generations Energy Company Profile
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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