The stock of Seven Generations Energy Ltd (TSE:VII) gapped up by $0.03 today and has $34.29 target or 8.00% above today’s $31.75 share price. The 5 months technical chart setup indicates low risk for the $11.21B company. The gap was reported on Nov, 22 by Barchart.com. If the $34.29 price target is reached, the company will be worth $896.80 million 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 173,139 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 49.62% since April 18, 2016 and is uptrending. It has outperformed by 45.06% 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 2.65% above today’s ($31.75) stock price. Seven Generations has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Action List Buy” rating by TD Securities given on Friday, September 16. BMO Capital Markets maintained the stock with “Outperform” rating in Tuesday, October 25 report. The rating was maintained by Credit Suisse with “Outperform” on Monday, August 22. The rating was maintained by RBC Capital Markets on Tuesday, September 20 with “Outperform”. The rating was maintained by Scotia Capital on Thursday, November 3 with “Outperform”. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, August 11. The company was initiated on Tuesday, November 24 by National Bank Canada. The company was reinitiated on Thursday, February 25 by National Bank Canada. The firm has “” rating given on Monday, June 6 by Raymond James. Scotia Capital maintained the shares of VII in a report on Friday, October 7 with “Outperform” rating.
More important recent Seven Generations Energy Ltd (TSE:VII) news were published by: Business.Financialpost.com which released: “Paramount Resources acquires 10 per cent of Seven Generations Energy in $1.9 …” on July 06, 2016, also Business.Financialpost.com published article titled: “Why Seven Generations Energy CEO Pat Carlson is taking the long view and …”, 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 $11.21 billion. The Firm focuses on exploration, development and production of oil and natural gas properties in western Canada. It has a 188.56 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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