Seven Generations Energy Ltd (TSE:VII) shares traded down 3.9% on Wednesday . The stock traded as low as C$19.48 and last traded at C$19.54. 471,181 shares were traded during trading, a decline of 52% from the average session volume of 974,298 shares. The stock had previously closed at C$20.33.
Several research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Seven Generations Energy from C$28.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. BMO Capital Markets reissued an “outperform” rating and set a C$27.00 price objective on shares of Seven Generations Energy in a research note on Monday, August 21st. Eight Capital reissued a “neutral” rating and set a C$22.00 price objective on shares of Seven Generations Energy in a research note on Wednesday, September 27th. Barclays PLC reduced their price objective on shares of Seven Generations Energy from C$29.75 to C$25.00 in a research note on Friday, August 4th. Finally, TD Securities lowered shares of Seven Generations Energy from an “action list buy” rating to a “buy” rating and reduced their price objective for the stock from C$29.00 to C$26.00 in a research note on Friday, August 4th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$32.04.
The company has a market cap of $6.82 billion and a PE ratio of 22.92. The firm’s 50-day moving average price is $19.06 and its 200 day moving average price is $21.96.
In other news, insider Canada Pension Plan Investment bought 1,460 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average cost of C$19.22 per share, for a total transaction of C$28,061.20. Also, Director Marty Leigh Proctor bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average price of C$16.96 per share, for a total transaction of C$339,200.00. In the last ninety days, insiders have bought 3,325,999 shares of company stock valued at $67,067,087.
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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 tight and shale hydrocarbon resource plays.
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