Seven Generations Energy (TSE:VII) Given New C$13.50 Price Target at GMP Securities

Seven Generations Energy (TSE:VII) had its price objective dropped by analysts at GMP Securities from C$16.00 to C$13.50 in a report issued on Friday, June 28th, BayStreet.CA reports. GMP Securities’ price target would indicate a potential upside of 111.60% from the stock’s previous close.

Several other brokerages have also weighed in on VII. BMO Capital Markets restated a “hold” rating and issued a $9.50 price objective on shares of Vicon Industries in a report on Friday, June 14th. Eight Capital lowered shares of Vicon Industries to a “hold” rating and set a $13.00 target price on the stock. in a report on Monday, March 4th. CIBC cut their target price on shares of Toromont Industries from C$70.00 to C$68.00 in a report on Monday, May 6th. Raymond James reiterated an “average” rating on shares of PPL in a report on Monday, May 6th. Finally, National Bank Financial cut their target price on shares of Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$13.73.

TSE VII traded down C$0.01 during trading hours on Friday, hitting C$6.38. The company’s stock had a trading volume of 663,000 shares, compared to its average volume of 1,393,563. The stock has a fifty day moving average of C$6.68. Seven Generations Energy has a twelve month low of C$6.23 and a twelve month high of C$17.24. The firm has a market cap of $2.31 billion and a price-to-earnings ratio of 5.38. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 43.03.

Seven Generations Energy (TSE:VII) last announced its quarterly earnings data on Friday, May 3rd. The company reported C$0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.16 by C$0.08. The business had revenue of C$546.30 million during the quarter, compared to analyst estimates of C$650.25 million. As a group, sell-side analysts anticipate that Seven Generations Energy will post 1.2000001 EPS for the current year.

In other news, Director Marty Leigh Proctor acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of C$8.36 per share, with a total value of C$83,610.00. Following the transaction, the director now directly owns 237,821 shares in the company, valued at approximately C$1,988,421.38. In the last three months, insiders bought 34,000 shares of company stock valued at $268,712.

About Seven Generations Energy

Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.

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Analyst Recommendations for Seven Generations Energy (TSE:VII)

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