Seven Generations Energy (TSE:VII) had its price objective decreased by stock analysts at BMO Capital Markets from C$13.00 to C$9.50 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 49.84% from the stock’s previous close.
Other analysts also recently issued reports about the company. CIBC decreased their price objective on Seven Generations Energy from C$16.00 to C$15.00 in a report on Monday, May 6th. National Bank Financial boosted their target price on shares of Seven Generations Energy from C$14.00 to C$15.50 in a report on Monday, April 8th. JPMorgan Chase & Co. reduced their target price on shares of Seven Generations Energy from C$17.00 to C$16.00 in a report on Monday, May 13th. TD Securities reduced their target price on shares of Seven Generations Energy from C$19.00 to C$18.50 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, Eight Capital downgraded shares of Seven Generations Energy from a “buy” rating to a “neutral” rating and reduced their target price for the stock from C$14.50 to C$13.00 in a report on Monday, March 4th.
VII stock opened at C$6.34 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 43.03. The stock has a market capitalization of $2.24 billion and a P/E ratio of 5.35. Seven Generations Energy has a 1-year low of C$6.25 and a 1-year high of C$17.24.
In other news, Director Marty Leigh Proctor bought 10,000 shares of Seven Generations Energy stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of C$8.36 per share, for a total transaction of C$83,610.00. Following the completion of the acquisition, the director now owns 237,821 shares of the company’s stock, valued at approximately C$1,988,421.38.
Seven Generations Energy Company Profile
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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