BMO Capital Markets Trims Seven Generations Energy (TSE:VII) Target Price to C$9.50

Seven Generations Energy (TSE:VII) had its price target cut by BMO Capital Markets from C$13.00 to C$9.50 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 49.37% from the stock’s current price.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their price target on Seven Generations Energy from C$17.00 to C$16.00 in a research report on Monday, May 13th. Raymond James reissued an “outperform” rating and set a C$19.00 price target on shares of Seven Generations Energy in a research report on Monday, May 6th. CIBC reduced their price target on Seven Generations Energy from C$16.00 to C$15.00 in a research report on Monday, May 6th. TD Securities reduced their price target on Seven Generations Energy from C$19.00 to C$18.50 and set a “buy” rating for the company in a research report on Monday, May 6th. Finally, National Bank Financial raised their price objective on Seven Generations Energy from C$14.00 to C$15.50 in a research report on Monday, April 8th.

TSE VII traded down C$0.24 during trading hours on Friday, hitting C$6.36. 477,730 shares of the company traded hands, compared to its average volume of 1,483,302. Seven Generations Energy has a twelve month low of C$6.32 and a twelve month high of C$17.24. The company has a debt-to-equity ratio of 43.03, a quick ratio of 0.65 and a current ratio of 0.69. The stock has a market capitalization of $2.33 billion and a PE ratio of 5.35.

In other Seven Generations Energy news, Director Marty Leigh Proctor acquired 12,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of C$9.02 per share, with a total value of C$108,252.00. Following the completion of the transaction, the director now directly owns 227,821 shares in the company, valued at approximately C$2,055,173.24.

About Seven Generations Energy

Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.

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