The stock of Seven Generations Energy Ltd (TSE:VII) gapped up by $0.97 today and has $31.80 target or 3.00% above today’s $30.87 share price. The 7 months technical chart setup indicates low risk for the $10.33B company. The gap was reported on Nov, 30 by Barchart.com. If the $31.80 price target is reached, the company will be worth $309.90 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 458,673 shares traded hands. Seven Generations Energy Ltd (TSE:VII) has risen 31.64% since April 26, 2016 and is uptrending. It has outperformed by 26.41% 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 5.57% above today’s ($30.87) 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 Thursday, February 25 by National Bank Canada. The firm earned “Outperform” rating on Friday, October 7 by Scotia Capital. BMO Capital Markets maintained the shares of VII in a report on Tuesday, October 25 with “Outperform” rating. The stock of Seven Generations Energy Ltd (TSE:VII) earned “Outperform” rating by Credit Suisse on Monday, August 22. The stock of Seven Generations Energy Ltd (TSE:VII) has “Action List Buy” rating given on Friday, September 16 by TD Securities. The firm has “Outperform” rating by Scotia Capital given on Thursday, November 3. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, August 11 report. The stock has “Outperform” rating given by National Bank Canada on Tuesday, November 24. As per Tuesday, September 20, the company rating was maintained 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: “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: Business.Financialpost.com and their article: “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 $10.33 billion. The Firm focuses on exploration, development and production of oil and natural gas properties in western Canada. It has a 183.34 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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