Seven Generations Energy’s (VII) “Outperform” Rating Reaffirmed at Scotiabank
Seven Generations Energy Ltd (TSE:VII)‘s stock had its “outperform” rating reissued by stock analysts at Scotiabank in a research report issued to clients and investors on Friday. They presently have a C$36.00 price objective on the stock. Scotiabank’s target price indicates a potential upside of 15.24% from the company’s current price.
A number of other equities research analysts have also recently commented on the company. TD Securities restated an “action list buy” rating and set a C$37.00 target price on shares of Seven Generations Energy in a research report on Monday, July 4th. National Bank Financial dropped their target price on Seven Generations Energy from C$35.00 to C$33.00 in a research report on Wednesday, August 3rd. Barclays PLC raised their target price on Seven Generations Energy from C$30.00 to C$36.00 in a research report on Friday, July 22nd. CIBC raised their target price on Seven Generations Energy from C$25.00 to C$31.00 in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. raised their target price on Seven Generations Energy from C$37.00 to C$39.50 in a research report on Tuesday, September 20th. Ten equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$33.42.
Shares of Seven Generations Energy (TSE:VII) traded up 0.77% during midday trading on Friday, reaching $31.48. The company’s stock had a trading volume of 191,312 shares. The stock’s 50 day moving average price is $30.51 and its 200 day moving average price is $26.12. The firm’s market cap is $8.78 billion. Seven Generations Energy has a one year low of $11.84 and a one year high of $32.18.
About Seven Generations Energy
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 high quality tight and shale hydrocarbon plays.
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