Seven Generations Energy Ltd (TSE:VII) – Equities research analysts at Cormark dropped their Q3 2017 EPS estimates for Seven Generations Energy in a report issued on Friday. Cormark analyst A. Arif now expects that the company will earn $0.23 per share for the quarter, down from their prior forecast of $0.30. Cormark also issued estimates for Seven Generations Energy’s FY2017 earnings at $1.62 EPS, Q2 2018 earnings at $0.33 EPS, FY2018 earnings at $1.34 EPS and FY2019 earnings at $1.53 EPS.
A number of other equities research analysts have also recently commented on the stock. TD Securities cut shares of Seven Generations Energy from an “action list buy” rating to a “buy” rating and decreased their target price for the company from C$29.00 to C$26.00 in a research report on Friday, August 4th. Barclays PLC decreased their target price on shares of Seven Generations Energy from C$29.75 to C$25.00 in a research report on Friday, August 4th. Royal Bank Of Canada decreased their target price on shares of Seven Generations Energy from C$28.00 to C$23.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. CSFB increased their target price on shares of Seven Generations Energy from C$32.00 to C$34.00 in a research report on Friday, July 7th. Finally, National Bank Financial decreased their target price on shares of Seven Generations Energy from C$38.00 to C$37.00 in a research report on Friday, June 23rd. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$33.68.
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Seven Generations Energy (TSE VII) opened at 17.53 on Monday. The company has a 50-day moving average of $21.42 and a 200-day moving average of $24.07. The stock has a market capitalization of $6.19 billion and a price-to-earnings ratio of 117.65. Seven Generations Energy has a one year low of $16.35 and a one year high of $32.90.
In related news, Director William Mcadam purchased 5,800 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was acquired at an average price of C$20.67 per share, with a total value of C$119,886.00. Also, Director Marty Leigh Proctor purchased 20,000 shares of the firm’s stock in a transaction on 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. In the last ninety days, insiders acquired 27,200 shares of company stock valued at $482,942 and sold 149,549 shares valued at $3,874,507.
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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