The stock of Seven Generations Energy Ltd (TSE:VII) hit a new 52-week high and has $39.24 target or 23.00% above today’s $31.90 share price. The 8 months bullish chart indicates low risk for the $11.16 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $39.24 price target is reached, the company will be worth $2.57 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 107,566 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 75.23% since March 14, 2016 and is uptrending. It has outperformed by 69.69% the S&P500.
Seven Generations Energy Ltd (TSE:VII) Ratings Coverage
Out of 6 analysts covering Seven Generations (TSE:VII), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $40 is the highest target while $15 is the lowest. The $29.95 average target is -6.11% below today’s ($31.9) stock price. Seven Generations has been the topic of 25 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Credit Suisse maintained it with “Outperform” rating and $35 target price in Monday, August 22 report. Scotia Capital maintained the stock with “Outperform” rating in Friday, October 7 report. The rating was initiated by National Bank Canada on Tuesday, November 24 with “Outperform”. The firm has “” rating by Raymond James given on Monday, June 6. As per Friday, September 16, the company rating was maintained by TD Securities. The stock of Seven Generations Energy Ltd (TSE:VII) has “Outperform” rating given on Tuesday, August 11 by Credit Suisse. As per Tuesday, September 20, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating given by National Bank Canada on Thursday, February 25.
More important recent Seven Generations Energy Ltd (TSE:VII) news were published by: Business.Financialpost.com which released: “Why Seven Generations Energy CEO Pat Carlson is taking the long view and …” on June 24, 2016, also Business.Financialpost.com published article titled: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …”, Business.Financialpost.com published: “Seven Generations Energy Ltd downplays major natural gas pipeline outage” on August 11, 2015. More interesting news about Seven Generations Energy Ltd (TSE:VII) was released by: Theglobeandmail.com and their article: “Insiders selling at soaring Seven Generations Energy” with publication date: August 19, 2016.
Seven Generations Energy Ltd. is a Canada natural gas developer. The company has a market cap of $11.16 billion. The Firm focuses on exploration, development and production of oil and natural gas properties in western Canada. It currently has negative earnings. The Firm focuses on the acquisition, development and value optimization of high quality tight and shale hydrocarbon plays.
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