Seven Generations Energy (TSE:VII) Upgraded to “Outperform” by BMO Capital Markets

Seven Generations Energy (TSE:VII) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Monday, BayStreet.CA reports. The firm currently has a C$11.00 target price on the stock, up from their prior target price of C$8.00. BMO Capital Markets’ price target would indicate a potential upside of 17.27% from the company’s current price.

A number of other brokerages also recently issued reports on VII. TD Securities upped their price objective on Seven Generations Energy from C$14.50 to C$15.50 and gave the company a “buy” rating in a research note on Thursday, August 1st. CSFB restated an “outperform” rating and issued a C$12.00 price objective on shares of Seven Generations Energy in a research note on Tuesday, July 16th. CIBC reduced their price objective on Seven Generations Energy from C$15.00 to C$11.00 in a research note on Thursday, July 18th. Eight Capital upgraded Seven Generations Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$10.00 to C$13.00 in a research note on Thursday, August 1st. Finally, Royal Bank of Canada reduced their price objective on Seven Generations Energy from C$15.00 to C$11.00 in a research note on Thursday, July 18th. Six research analysts have rated the stock with a buy rating, Seven Generations Energy currently has a consensus rating of “Buy” and an average target price of C$13.82.

TSE VII traded up C$0.81 on Monday, reaching C$9.38. The company had a trading volume of 2,499,525 shares, compared to its average volume of 1,337,651. The stock has a market capitalization of $2.88 billion and a P/E ratio of 4.58. The company’s fifty day moving average is C$7.15 and its 200 day moving average is C$8.21. Seven Generations Energy has a 52-week low of C$5.99 and a 52-week high of C$16.50. The company has a quick ratio of 0.68, a current ratio of 0.80 and a debt-to-equity ratio of 40.00.

Seven Generations Energy (TSE:VII) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.27 EPS for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.02). The company had revenue of C$727.50 million during the quarter, compared to analyst estimates of C$707.06 million. On average, research analysts expect that Seven Generations Energy will post 0.86 EPS for the current year.

About Seven Generations Energy

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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Analyst Recommendations for Seven Generations Energy (TSE:VII)

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