Brokerages Set Seven Generations Energy Ltd (TSE:VII) PT at $35.71
Shares of Seven Generations Energy Ltd (TSE:VII) have received an average rating of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$33.68.
VII has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price objective on Seven Generations Energy from C$33.00 to C$28.00 in a research note on Thursday, July 20th. Barclays PLC reduced their price target on Seven Generations Energy from C$36.00 to C$31.00 in a research report on Monday, July 24th. BMO Capital Markets reiterated an “outperform” rating and set a C$35.00 price target on shares of Seven Generations Energy in a research report on Friday, May 5th. TD Securities reiterated an “action list buy” rating and set a C$37.00 price target on shares of Seven Generations Energy in a research report on Friday, May 5th. Finally, National Bank Financial dropped their price objective on Seven Generations Energy from C$38.00 to C$37.00 in a report on Friday, June 23rd.
In other Seven Generations Energy news, insider Patrick Beverley Carlson sold 126,067 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of C$26.02, for a total transaction of C$3,280,263.34. Also, insider Kevin James Johnston sold 5,210 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of C$26.78, for a total value of C$139,523.80. In the last quarter, insiders purchased 27,700 shares of company stock worth $495,817 and sold 275,616 shares worth $7,154,771.
Seven Generations Energy (VII) opened at 17.18 on Friday. Seven Generations Energy has a 52-week low of $16.35 and a 52-week high of $32.90. The company’s 50-day moving average is $21.92 and its 200 day moving average is $24.22. The company has a market cap of $6.06 billion and a price-to-earnings ratio of 115.30.
About Seven Generations Energy
Seven Generations Energy Ltd., an independent energy company, focuses on the acquisition, exploration, development, and production of oil and natural gas properties in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 544,000 net acres located in the Kakwa area of northwest Alberta.
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