Seven Generations Energy (VII) Hits New 1-Year Low at $8.30

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Seven Generations Energy Ltd (TSE:VII) hit a new 52-week low on Tuesday . The stock traded as low as C$8.30 and last traded at C$8.41, with a volume of 242888 shares changing hands. The stock had previously closed at C$8.67.

VII has been the subject of several analyst reports. Raymond James restated an “outperform” rating and set a C$18.50 target price on shares of Seven Generations Energy in a report on Friday, March 1st. Eight Capital cut Seven Generations Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from C$14.50 to C$13.00 in a report on Monday, March 4th. National Bank Financial increased their price objective on Seven Generations Energy from C$14.00 to C$15.50 in a report on Monday, April 8th. TD Securities dropped their price objective on Seven Generations Energy from C$19.00 to C$18.50 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Seven Generations Energy from C$17.00 to C$16.00 in a report on Monday, May 13th.

The company has a quick ratio of 0.65, a current ratio of 0.69 and a debt-to-equity ratio of 43.03. The firm has a market capitalization of $3.06 billion and a price-to-earnings ratio of 6.89.

Seven Generations Energy (TSE:VII) last released its quarterly earnings data on Thursday, February 28th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.30 by C($0.12). The business had revenue of C$1.15 billion during the quarter, compared to analyst estimates of C$722.70 million. Analysts expect that Seven Generations Energy Ltd will post 1.1452281546707 earnings per share for the current year.

In other Seven Generations Energy news, Director Marty Leigh Proctor acquired 12,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of C$9.02 per share, for a total transaction of C$108,252.00. Following the acquisition, the director now owns 227,821 shares in the company, valued at approximately C$2,055,173.24.

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Seven Generations Energy Company Profile (TSE:VII)

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: Cost of Debt

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