Seven Generations Energy (VII) Given New C$16.50 Price Target at TD Securities

Seven Generations Energy (TSE:VII) had its target price lowered by TD Securities from C$17.00 to C$16.50 in a research note issued to investors on Friday. The brokerage currently has a buy rating on the stock.

VII has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price target on Seven Generations Energy from C$15.00 to C$16.00 in a research report on Friday, December 14th. GMP Securities reduced their price target on Seven Generations Energy from C$25.50 to C$17.50 in a research report on Thursday, December 13th. Eight Capital increased their price target on Seven Generations Energy from C$18.50 to C$22.50 in a research report on Thursday, November 1st. BMO Capital Markets reduced their price target on Seven Generations Energy from C$21.50 to C$20.00 in a research report on Tuesday, October 9th. Finally, CIBC reduced their price target on Seven Generations Energy from C$22.00 to C$20.00 in a research report on Thursday, November 22nd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Seven Generations Energy presently has a consensus rating of Buy and a consensus target price of C$19.36.

VII traded down C$0.55 during mid-day trading on Friday, hitting C$10.77. 3,685,500 shares of the stock were exchanged, compared to its average volume of 1,578,596. Seven Generations Energy has a 1-year low of C$9.15 and a 1-year high of C$19.40. 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 (TSE:VII) last posted its earnings results on Wednesday, October 31st. The company reported C$0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.42 by C$0.11. The firm had revenue of C$809.00 million for the quarter, compared to analyst estimates of C$771.34 million. Analysts expect that Seven Generations Energy will post 1.72000008999656 earnings per share for the current fiscal year.

In related news, Director Marty Leigh Proctor purchased 5,000 shares of Seven Generations Energy stock in a transaction on Monday, November 19th. The shares were bought at an average price of C$12.08 per share, with a total value of C$60,400.00. Insiders acquired a total of 27,400 shares of company stock worth $298,190 in the last ninety days.

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.

Read More: Debt-To-Equity Ratio

Analyst Recommendations for Seven Generations Energy (TSE:VII)

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