Shares of Seven Generations Energy Ltd (TSE:VII) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$22.95.
VII has been the subject of several analyst reports. National Bank Financial dropped their price target on shares of Seven Generations Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a research note on Friday, August 3rd. CSFB increased their price target on shares of Seven Generations Energy from C$27.00 to C$28.00 in a research note on Wednesday, July 11th. Raymond James dropped their price target on shares of Seven Generations Energy from C$31.00 to C$27.50 in a research note on Friday, October 5th. BMO Capital Markets dropped their price target on shares of Seven Generations Energy from C$21.50 to C$20.00 in a research note on Tuesday, October 9th. Finally, TD Securities raised shares of Seven Generations Energy from a “hold” rating to a “buy” rating and increased their price target for the company from C$18.00 to C$19.00 in a research note on Friday, August 3rd.
In related news, insider David Barry Holt acquired 4,500 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were purchased at an average cost of C$16.85 per share, for a total transaction of C$75,825.00. Also, Director Marty Leigh Proctor acquired 10,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was bought at an average price of C$15.20 per share, for a total transaction of C$152,000.00.
Shares of TSE VII opened at C$14.44 on Friday. Seven Generations Energy has a 12-month low of C$13.62 and a 12-month high of C$21.25.
Seven Generations Energy (TSE:VII) last announced its quarterly earnings data on Thursday, August 2nd. The company reported C$0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.37 by C$0.10. Seven Generations Energy had a net margin of 16.64% and a return on equity of 7.98%. The company had revenue of C$797.80 million during the quarter, compared to analysts’ expectations of C$657.67 million.
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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