Seven Generations Energy (TSE:VII) had its price target reduced by analysts at TD Securities from C$17.00 to C$16.50 in a research note issued on Friday. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 51.24% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. National Bank Financial boosted their price objective on shares of Seven Generations Energy from C$13.00 to C$14.00 and gave the company an “outperform” rating in a report on Friday. Cormark dropped their price objective on shares of Seven Generations Energy from C$22.00 to C$18.00 in a report on Friday. Royal Bank of Canada dropped their price objective on shares of Seven Generations Energy from C$18.00 to C$15.00 in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Seven Generations Energy from C$15.00 to C$16.00 in a report on Friday, December 14th. Finally, GMP Securities dropped their price objective on shares of Seven Generations Energy from C$25.50 to C$17.50 in a report on Thursday, December 13th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of C$19.36.
Shares of VII traded down C$0.41 during trading hours on Friday, reaching C$10.91. 2,737,637 shares of the company traded hands, compared to its average volume of 1,438,782. The company has a debt-to-equity ratio of 42.98, a current ratio of 0.69 and a quick ratio of 0.66. Seven Generations Energy has a 12-month low of C$9.15 and a 12-month high of C$19.40.
Seven Generations Energy (TSE:VII) last announced its quarterly earnings data on Wednesday, October 31st. The company reported C$0.53 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.11. The company had revenue of C$809.00 million for the quarter, compared to analysts’ expectations of C$771.34 million. As a group, equities research analysts predict that Seven Generations Energy will post 1.72000008999656 EPS for the current fiscal year.
In other Seven Generations Energy news, Director Marty Leigh Proctor purchased 5,000 shares of the stock in a transaction on Monday, November 19th. The shares were bought at an average cost of C$12.08 per share, with a total value of C$60,400.00. Over the last ninety days, insiders acquired 27,400 shares of company stock worth $298,190.
About Seven Generations Energy
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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