Seven Generations Energy Ltd (TSE:VII) – Research analysts at National Bank Financial boosted their FY2018 earnings estimates for Seven Generations Energy in a note issued to investors on Thursday. National Bank Financial analyst T. Wood now forecasts that the company will post earnings of $1.13 per share for the year, up from their prior estimate of $0.96.
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A number of other research firms also recently commented on VII. BMO Capital Markets reiterated an “outperform” rating and set a C$35.00 target price on shares of Seven Generations Energy in a research report on Friday, May 5th. Royal Bank Of Canada decreased their target price on Seven Generations Energy from C$33.00 to C$28.00 in a research report on Thursday, July 20th. CSFB boosted their target price on Seven Generations Energy from C$32.00 to C$34.00 in a research report on Friday, July 7th. TD Securities reiterated an “action list buy” rating and set a C$37.00 target price on shares of Seven Generations Energy in a research report on Friday, May 5th. Finally, Scotiabank decreased their target price on Seven Generations Energy from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$33.68.
Shares of Seven Generations Energy (TSE VII) traded up 1.63% on Monday, hitting $17.46. The stock had a trading volume of 1,438,351 shares. The stock has a market cap of $6.16 billion and a P/E ratio of 117.18. Seven Generations Energy has a 12 month low of $16.76 and a 12 month high of $32.90. The firm has a 50 day moving average of $21.92 and a 200 day moving average of $24.22.
In other news, insider Patrick Beverley Carlson sold 126,067 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of C$26.02, for a total value of C$3,280,263.34. Also, Director Marty Leigh Proctor purchased 20,000 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was bought at an average cost of C$16.96 per share, with a total value of C$339,200.00. Over the last three months, insiders bought 27,200 shares of company stock valued at $482,942 and sold 275,616 shares valued at $7,154,771.
Seven Generations Energy Company Profile
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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