Seven Generations Energy Ltd (TSE:VII) reached a new 52-week low during trading on Thursday . The stock traded as low as C$12.88 and last traded at C$12.99, with a volume of 1352494 shares changing hands. The stock had previously closed at C$13.59.
Several research firms have recently commented on VII. Raymond James increased their price objective on Seven Generations Energy from C$29.50 to C$31.00 and gave the company a “strong-buy” rating in a report on Friday, August 3rd. National Bank Financial cut their price objective on Seven Generations Energy from C$23.00 to C$22.00 and set an “outperform” rating for the company in a report on Friday, August 3rd. CSFB increased their price objective on Seven Generations Energy from C$27.00 to C$28.00 in a report on Wednesday, July 11th. TD Securities raised Seven Generations Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from C$18.00 to C$19.00 in a report on Friday, August 3rd. Finally, BMO Capital Markets cut their price objective on Seven Generations Energy from C$21.50 to C$20.00 in a report on Tuesday, October 9th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Seven Generations Energy has an average rating of “Buy” and an average price target of C$22.73.
In other Seven Generations Energy news, Director Marty Leigh Proctor purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average price of C$15.20 per share, for a total transaction of C$152,000.00.
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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.
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