Royal Bank of Canada Lowers Seven Generations Energy (VII) Price Target to C$15.00

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Seven Generations Energy (TSE:VII) had its price objective trimmed by Royal Bank of Canada from C$18.00 to C$15.00 in a research report report published on Tuesday morning.

Several other equities research analysts have also recently weighed in on VII. Raymond James lowered their target price on Seven Generations Energy from C$31.00 to C$27.50 in a report on Friday, October 5th. BMO Capital Markets lowered their target price on Seven Generations Energy from C$21.50 to C$20.00 in a report on Tuesday, October 9th. Eight Capital upped their price objective on Seven Generations Energy from C$18.50 to C$22.50 in a research note on Thursday, November 1st. CIBC decreased their price objective on Seven Generations Energy from C$22.00 to C$20.00 in a research note on Thursday, November 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on Seven Generations Energy from C$17.00 to C$15.00 in a research note on Friday, December 7th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Seven Generations Energy currently has an average rating of Buy and an average price target of C$19.36.

Shares of VII stock opened at C$10.77 on Tuesday. Seven Generations Energy has a twelve month low of C$9.15 and a twelve month high of C$19.40. The company has a current ratio of 0.69, a quick ratio of 0.66 and a debt-to-equity ratio of 42.98.

Seven Generations Energy (TSE:VII) last issued its earnings results on Wednesday, October 31st. The company reported C$0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.42 by C$0.11. The firm had revenue of C$809.00 million during the quarter, compared to analysts’ expectations of C$771.34 million. Equities research analysts anticipate that Seven Generations Energy will post 1.72000008999656 EPS for the current year.

In related news, Director Marty Leigh Proctor acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average cost of C$12.08 per share, for a total transaction of C$60,400.00. Insiders have purchased a total of 27,400 shares of company stock valued at $298,190 over the last 90 days.

About Seven Generations Energy

Seven Generations Energy Ltd., an independent energy company, focuses on the acquisition, exploration, development, and production of condensate and natural gas properties in western Canada. The company holds interests in the Kakwa River project, a natural gas property covering 500,000 net acres located in the Kakwa area of northwest Alberta.

See Also: How To Calculate Debt-to-Equity Ratio

Analyst Recommendations for Seven Generations Energy (TSE:VII)

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