The stock of Seven Generations Energy Ltd (TSE:VII) gapped down by $0.3 today and has $27.08 target or 8.00% below today’s $29.43 share price. The 8 months technical chart setup indicates high risk for the $9.94B company. The gap down was reported on Nov, 29 by Barchart.com. If the $27.08 price target is reached, the company will be worth $795.20M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 140,858 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 35.26% since April 25, 2016 and is uptrending. It has outperformed by 30.00% 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 10.74% above today’s ($29.43) stock price. Seven Generations has been the topic of 30 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The company was reinitiated on Thursday, February 25 by National Bank Canada. The firm earned “Outperform” rating on Friday, October 7 by Scotia Capital. The rating was maintained by RBC Capital Markets on Tuesday, September 20 with “Outperform”. The company was maintained on Tuesday, October 25 by BMO Capital Markets. The stock of Seven Generations Energy Ltd (TSE:VII) earned “” rating by Raymond James on Monday, June 6. As per Monday, August 22, the company rating was maintained by Credit Suisse. The firm has “Action List Buy” rating given on Friday, September 16 by TD Securities. The stock of Seven Generations Energy Ltd (TSE:VII) earned “Outperform” rating by Scotia Capital on Thursday, November 3. As per Tuesday, November 24, the company rating was initiated by National Bank Canada. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 11.
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: 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 $9.94 billion. The Firm focuses on exploration, development and production of oil and natural gas properties in western Canada. It has a 174.78 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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