Time to Buy Seven Generations Energy Ltd After Today’s Gap Up?

 Time to Buy Seven Generations Energy Ltd After Today's Gap Up?

The stock of Seven Generations Energy Ltd (TSE:VII) gapped up by $0.32 today and has $47.79 target or 54.00% above today’s $31.03 share price. The 6 months technical chart setup indicates low risk for the $11.00 billion company. The gap was reported on Nov, 21 by Barchart.com. If the $47.79 price target is reached, the company will be worth $5.94B 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 246,979 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 42.85% since April 15, 2016 and is uptrending. It has outperformed by 38.99% 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 5.03% above today’s ($31.03) stock price. Seven Generations has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, October 25 by BMO Capital Markets. The firm has “Outperform” rating given on Monday, August 22 by Credit Suisse. RBC Capital Markets maintained the shares of VII in a report on Tuesday, September 20 with “Outperform” rating. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 11. The stock of Seven Generations Energy Ltd (TSE:VII) has “Outperform” rating given on Friday, October 7 by Scotia Capital. The company was maintained on Friday, September 16 by TD Securities. As per Monday, June 6, the company rating was maintained by Raymond James. The company was reinitiated on Thursday, February 25 by National Bank Canada. As per Thursday, November 3, the company rating was maintained by Scotia Capital. The stock of Seven Generations Energy Ltd (TSE:VII) has “Outperform” rating given on Tuesday, November 24 by National Bank Canada.

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: Business.Financialpost.com and their article: “Seven Generations Energy Ltd downplays major natural gas pipeline outage” with publication date: August 11, 2015.

Seven Generations Energy Ltd. is a Canada natural gas developer. The company has a market cap of $11.00 billion. The Firm focuses on exploration, development and production of oil and natural gas properties in western Canada. It has a 184.29 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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