Shares of Seven Generations Energy Ltd (TSE:VII) have been given an average rating of “Buy” by the fourteen brokerages that are currently covering the stock. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$37.45.
VII has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of Seven Generations Energy from C$37.00 to C$38.00 in a report on Thursday, December 15th. Desjardins upped their price target on shares of Seven Generations Energy from C$35.00 to C$42.00 in a report on Wednesday, December 21st. National Bank Financial reissued an “outperfrom under weight” rating on shares of Seven Generations Energy in a report on Thursday, January 5th. Scotiabank reissued an “outperform” rating and issued a C$36.00 price target on shares of Seven Generations Energy in a report on Monday, January 9th. Finally, GMP Securities cut their price target on shares of Seven Generations Energy from C$40.00 to C$38.00 in a report on Tuesday, January 10th.
In related news, insider Patrick Beverley Carlson acquired 315,000 shares of the business’s stock in a transaction on Friday, March 17th. The shares were purchased at an average price of C$23.80 per share, for a total transaction of C$7,497,000.00. Also, Director Kent Jespersen acquired 1,400 shares of the business’s stock in a transaction on Monday, March 13th. The shares were bought at an average price of C$22.40 per share, for a total transaction of C$31,360.00. In the last 90 days, insiders have acquired 334,480 shares of company stock worth $7,889,368.
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Shares of Seven Generations Energy (TSE:VII) opened at 22.58 on Tuesday. The company has a 50 day moving average of $24.49 and a 200 day moving average of $28.46. Seven Generations Energy has a 52-week low of $18.47 and a 52-week high of $32.90. The firm’s market capitalization is $7.91 billion.
About Seven Generations Energy
Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of high quality tight and shale hydrocarbon plays.
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