Cormark Weighs in on Seven Generations Energy Ltd’s Q4 2020 Earnings (TSE:VII)

Seven Generations Energy Ltd (TSE:VII) – Stock analysts at Cormark lowered their Q4 2020 EPS estimates for shares of Seven Generations Energy in a report issued on Thursday, August 1st. Cormark analyst A. Arif now forecasts that the company will earn $0.22 per share for the quarter, down from their previous estimate of $0.34.

A number of other equities analysts also recently weighed in on VII. CIBC lowered their target price on shares of Seven Generations Energy from C$15.00 to C$11.00 in a report on Thursday, July 18th. Raymond James restated an “outperform” rating and set a C$19.00 target price on shares of Seven Generations Energy in a report on Monday, May 6th. CSFB restated an “outperform” rating and set a C$12.00 target price on shares of Seven Generations Energy in a report on Tuesday, July 16th. BMO Capital Markets lowered their target price on shares of Seven Generations Energy from C$9.50 to C$8.00 in a report on Thursday, August 1st. Finally, Eight Capital upgraded shares of Seven Generations Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$10.00 to C$13.00 in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$13.55.

Shares of VII opened at C$6.81 on Monday. The firm has a market capitalization of $2.65 billion and a P/E ratio of 3.30. Seven Generations Energy has a 1-year low of C$5.99 and a 1-year high of C$17.24. The stock’s fifty day moving average price is C$6.63. The company has a debt-to-equity ratio of 40.00, a quick ratio of 0.68 and a current ratio of 0.80.

Seven Generations Energy (TSE:VII) last issued its earnings results on Wednesday, July 31st. The company reported C$0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.29 by C($0.02). The company had revenue of C$727.50 million for the quarter, compared to analyst estimates of C$707.06 million.

In related news, Director Marty Leigh Proctor acquired 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of C$6.39 per share, for a total transaction of C$63,910.00. Following the completion of the acquisition, the director now directly owns 261,829 shares in the company, valued at C$1,673,349.14. Over the last quarter, insiders acquired 22,000 shares of company stock worth $160,460.

Seven Generations Energy Company Profile

Seven Generations Energy Ltd., together with its subsidiary, engages in development of natural gas properties in Canada. The company holds interests in the Kakwa River project, a natural gas property covering approximately 537,000 net acres located in the Kakwa area of northwest Alberta; and in the approximately 506,000 acres in Montney.

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Earnings History and Estimates for Seven Generations Energy (TSE:VII)

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