CIBC Cuts Seven Generations Energy (TSE:VII) Price Target to C$11.00

Seven Generations Energy (TSE:VII) had its price target trimmed by CIBC from C$15.00 to C$11.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Vermilion Energy from C$42.00 to C$43.00 in a research note on Monday, May 13th. TD Securities boosted their price target on shares of Westshore Terminals Investment from C$20.00 to C$21.00 and gave the stock a hold rating in a research note on Monday, May 6th. CSFB reiterated a neutral rating and issued a C$32.00 price target on shares of Vermilion Energy in a research note on Tuesday, July 16th. GMP Securities reiterated a buy rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. Finally, BMO Capital Markets reiterated a hold rating and issued a $9.50 price target on shares of Vicon Industries in a research note on Friday, June 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Seven Generations Energy presently has an average rating of Buy and an average target price of C$13.73.

Shares of Seven Generations Energy stock opened at C$6.38 on Thursday. The company has a market cap of $2.31 billion and a P/E ratio of 5.38. The company has a debt-to-equity ratio of 43.03, a current ratio of 0.69 and a quick ratio of 0.65. The business has a fifty day moving average price of C$6.68. Seven Generations Energy has a fifty-two week low of C$6.23 and a fifty-two week high of C$17.24.

Seven Generations Energy (TSE:VII) last issued its earnings results on Friday, May 3rd. The company reported C$0.24 earnings per share for the quarter, topping the consensus estimate of C$0.16 by C$0.08. The firm had revenue of C$546.30 million during the quarter, compared to the consensus estimate of C$650.25 million. As a group, analysts anticipate that Seven Generations Energy will post 1.2000001 earnings per share for the current fiscal year.

In related news, Director Marty Leigh Proctor purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of C$8.36 per share, for a total transaction of C$83,610.00. Following the purchase, the director now directly owns 237,821 shares in the company, valued at C$1,988,421.38. In the last quarter, insiders acquired 34,000 shares of company stock worth $268,712.

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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Analyst Recommendations for Seven Generations Energy (TSE:VII)

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