FY2017 EPS Estimates for Seven Generations Energy Ltd (VII) Reduced by Cormark
Seven Generations Energy Ltd (TSE:VII) – Cormark lowered their FY2017 earnings per share (EPS) estimates for Seven Generations Energy in a research report issued on Friday. Cormark analyst A. Arif now expects that the company will earn $1.53 per share for the year, down from their previous forecast of $1.62. Cormark also issued estimates for Seven Generations Energy’s Q4 2017 earnings at $0.26 EPS, Q1 2018 earnings at $0.31 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.30 EPS and FY2019 earnings at $1.46 EPS.
Several other research analysts have also recently issued reports on the company. Barclays PLC increased their price target on Seven Generations Energy from C$24.00 to C$25.00 in a research note on Sunday. National Bank Financial decreased their price target on Seven Generations Energy from C$28.00 to C$27.00 and set an “outperform” rating for the company in a research note on Friday. Eight Capital restated a “neutral” rating and issued a C$22.00 price objective on shares of Seven Generations Energy in a report on Wednesday, September 27th. BMO Capital Markets restated an “outperform” rating and issued a C$27.00 price objective on shares of Seven Generations Energy in a report on Thursday, September 14th. Finally, TD Securities lowered Seven Generations Energy from an “action list buy” rating to a “buy” rating and cut their price objective for the company from C$29.00 to C$26.00 in a report on Friday, August 4th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Seven Generations Energy has a consensus rating of “Buy” and an average target price of C$30.86.
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Seven Generations Energy (VII) opened at C$20.89 on Monday. Seven Generations Energy has a 52 week low of C$16.35 and a 52 week high of C$32.90.
In related news, insider Canada Pension Plan Investment bought 1,460 shares of Seven Generations Energy stock in a transaction dated Friday, September 1st. The stock was acquired at an average cost of C$19.22 per share, with a total value of C$28,061.20. Also, Director William Mcadam bought 7,330 shares of Seven Generations Energy stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of C$14.00 per share, with a total value of C$102,620.00. In the last 90 days, insiders bought 3,304,599 shares of company stock valued at $66,704,031.
About Seven Generations Energy
Seven Generations Energy Ltd. is a Canada-based natural gas developer. The Company focuses on exploration, development and production of oil and natural gas properties in western Canada. The Company focuses on the acquisition, development and value optimization of tight and shale hydrocarbon resource plays.
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