Seven Generations Energy (TSE:VII) had its price target dropped by Raymond James from C$5.50 to C$3.50 in a report released on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 114.72% from the stock’s current price.
Several other research firms also recently commented on VII. Canaccord Genuity downgraded Seven Generations Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$11.00 to C$3.50 in a report on Tuesday, March 10th. Tudor Pickering reissued a “buy” rating and issued a C$10.00 target price on shares of Seven Generations Energy in a report on Wednesday, March 11th. Royal Bank of Canada dropped their target price on Seven Generations Energy from C$12.00 to C$4.00 in a report on Monday, March 16th. National Bank Financial dropped their target price on Seven Generations Energy from C$11.00 to C$5.50 and set an “outperform” rating on the stock in a report on Tuesday, March 10th. Finally, Cormark dropped their target price on Seven Generations Energy from C$12.00 to C$10.00 in a report on Friday, February 28th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$9.82.
Seven Generations Energy stock opened at C$1.63 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.80 and a debt-to-equity ratio of 39.19. The business’s fifty day simple moving average is C$4.68 and its two-hundred day simple moving average is C$7.11. Seven Generations Energy has a 12 month low of C$1.15 and a 12 month high of C$10.91. The company has a market capitalization of $459.58 million and a price-to-earnings ratio of 1.20.
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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