The stock of Seven Generations Energy Ltd (TSE:VII) gapped up by $0.01 today and has $48.62 target or 68.00% above today’s $28.94 share price. The 5 months technical chart setup indicates low risk for the $10.19B company. The gap was reported on Nov, 7 by Barchart.com. If the $48.62 price target is reached, the company will be worth $6.93 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 295,708 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 46.81% since April 1, 2016 and is uptrending. It has outperformed by 44.85% the S&P500.
Seven Generations Energy Ltd (TSE:VII) Ratings Coverage
Out of 7 analysts covering Seven Generations (TSE:VII), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $42 is the highest target while $15 is the lowest. The $32.59 average target is 12.61% above today’s ($28.94) stock price. Seven Generations has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by TD Securities on Friday, September 16 with “Action List Buy”. The stock has “Outperform” rating given by Scotia Capital on Friday, October 7. National Bank Canada reinitiated the shares of VII in a report on Thursday, February 25 with “Outperform” rating. Scotia Capital maintained Seven Generations Energy Ltd (TSE:VII) on Thursday, November 3 with “Outperform” rating. The stock has “” rating given by Raymond James on Monday, June 6. The firm has “Outperform” rating by Credit Suisse given on Monday, August 22. The stock has “Outperform” rating given by National Bank Canada on Tuesday, November 24. Credit Suisse maintained Seven Generations Energy Ltd (TSE:VII) on Tuesday, August 11 with “Outperform” rating. The stock of Seven Generations Energy Ltd (TSE:VII) has “Outperform” rating given on Tuesday, September 20 by RBC Capital Markets. The rating was maintained by BMO Capital Markets with “Outperform” on Tuesday, October 25.
More notable recent Seven Generations Energy Ltd (TSE:VII) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on October 31, 2014, also Business.Financialpost.com with their article: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” published on July 06, 2016, Forbes.com published: “Relative Strength Alert For Seven Generations Energy (VII)” on October 26, 2016. More interesting news about Seven Generations Energy Ltd (TSE:VII) were released by: Business.Financialpost.com and their article: “Seven Generations Energy Ltd downplays major natural gas pipeline outage” published on August 11, 2015 as well as Business.Financialpost.com‘s news article titled: “Why Seven Generations Energy CEO Pat Carlson is taking the long view and …” with publication date: June 24, 2016.
Seven Generations Energy Ltd. is a Canada natural gas developer. The company has a market cap of $10.19 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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