FY2016 Earnings Forecast for Seven Generations Energy Ltd Issued By Cormark (VII)

FY2016 Earnings Forecast for Seven Generations Energy Ltd Issued By Cormark (VII)

Seven Generations Energy Ltd (TSE:VII) – Stock analysts at Cormark issued their FY2016 earnings estimates for shares of Seven Generations Energy in a note issued to investors on Wednesday. Cormark analyst A. Arif anticipates that the firm will post earnings per share of $0.36 for the year. Cormark also issued estimates for Seven Generations Energy’s Q4 2016 earnings at $0.17 EPS, Q1 2017 earnings at $0.22 EPS, Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.35 EPS, Q4 2017 earnings at $0.46 EPS, FY2017 earnings at $1.30 EPS and FY2018 earnings at $1.63 EPS.

A number of other analysts have also issued reports on VII. Raymond James Financial, Inc. reiterated a “strong-buy” rating and set a C$40.50 price objective on shares of Seven Generations Energy in a research note on Wednesday. Scotiabank reiterated an “outperform” rating and set a C$36.00 price objective on shares of Seven Generations Energy in a research note on Friday, October 7th. TD Securities reiterated an “action list buy” rating and set a C$40.00 price objective on shares of Seven Generations Energy in a research note on Tuesday, January 10th. National Bank Financial decreased their price objective on Seven Generations Energy from C$48.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Monday, January 9th. Finally, Barclays PLC decreased their price objective on Seven Generations Energy from C$42.00 to C$38.00 in a research note on Monday. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$36.80.

Shares of Seven Generations Energy (TSE:VII) traded up 0.11% during mid-day trading on Friday, hitting $27.20. The stock had a trading volume of 197,453 shares. The firm has a 50 day moving average price of $28.93 and a 200-day moving average price of $29.56. The stock has a market cap of $9.41 billion and a P/E ratio of 155.43. Seven Generations Energy has a 12 month low of $14.33 and a 12 month high of $32.90.

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 high quality tight and shale hydrocarbon plays.

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