Shares of Seven Generations Energy Ltd (TSE:VII) have received an average recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$23.67.
A number of research analysts have weighed in on the stock. Raymond James boosted their target price on shares of Seven Generations Energy from C$29.50 to C$31.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 3rd. National Bank Financial cut their target price 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 report on Friday, August 3rd. BMO Capital Markets lowered shares of Seven Generations Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 8th. CSFB boosted their target price on shares of Seven Generations Energy from C$27.00 to C$28.00 in a research report on Wednesday, July 11th. Finally, TD Securities raised shares of Seven Generations Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$18.00 to C$19.00 in a research report on Friday, August 3rd.
TSE:VII traded down C$0.22 during trading hours on Tuesday, reaching C$15.65. The company’s stock had a trading volume of 599,000 shares, compared to its average volume of 1,080,251. Seven Generations Energy has a one year low of C$13.62 and a one year high of C$21.25.
Seven Generations Energy (TSE:VII) last issued its quarterly earnings data on Thursday, August 2nd. The company reported C$0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.37 by C$0.10. The firm had revenue of C$797.80 million during the quarter, compared to analysts’ expectations of C$657.67 million. Seven Generations Energy had a net margin of 16.64% and a return on equity of 7.98%.
In other Seven Generations Energy news, insider David Barry Holt purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was purchased at an average price of C$16.85 per share, with a total value of C$75,825.00. Also, Director Marty Leigh Proctor sold 2,832 shares of the stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of C$17.90, for a total transaction of C$50,692.80.
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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