The stock of Seven Generations Energy Ltd (TSE:VII) gapped up by $0.15 today and has $41.92 target or 37.00% above today’s $30.60 share price. The 9 months technical chart setup indicates low risk for the $10.56B company. The gap was reported on Nov, 15 by Barchart.com. If the $41.92 price target is reached, the company will be worth $3.91B 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 247,895 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 39.67% since April 11, 2016 and is uptrending. It has outperformed by 35.74% 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 6.50% above today’s ($30.6) stock price. Seven Generations has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock has “” rating given by Raymond James on Monday, June 6. The firm earned “Outperform” rating on Friday, October 7 by Scotia Capital. National Bank Canada initiated Seven Generations Energy Ltd (TSE:VII) rating on Tuesday, November 24. National Bank Canada has “Outperform” rating and $21 price target. The firm has “Outperform” rating given on Monday, August 22 by Credit Suisse. The rating was maintained by BMO Capital Markets on Tuesday, October 25 with “Outperform”. The rating was maintained by Scotia Capital with “Outperform” on Thursday, November 3. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 11. The rating was reinitiated by National Bank Canada with “Outperform” on Thursday, February 25. TD Securities maintained the shares of VII in a report on Friday, September 16 with “Action List Buy” rating. The firm earned “Outperform” rating on Tuesday, September 20 by RBC Capital Markets.
More important 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 published article titled: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …”, Business.Financialpost.com published: “Why Seven Generations Energy CEO Pat Carlson is taking the long view and …” on June 24, 2016. More interesting news about Seven Generations Energy Ltd (TSE:VII) was released by: Forbes.com and their article: “Relative Strength Alert For Seven Generations Energy (VII)” with publication date: October 26, 2016.
Seven Generations Energy Ltd. is a Canada natural gas developer. The company has a market cap of $10.56 billion. The Firm focuses on exploration, development and production of oil and natural gas properties in western Canada. It has a 181.73 P/E ratio. The Firm focuses on the acquisition, development and value optimization of high quality tight and shale hydrocarbon plays.
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