Seven Generations A (VII) Gets a Hold Rating from BMO Capital
Seven Generations A (TSX: VII), the Materials sector company, was revisited by a Wall Street analyst on October 8. BMO Capital’s analyst Randy Ollenberger reiterates their Hold rating on the shares, with a C$20 price target.
According to TipRanks.com, Ollenberger is a 3-star analyst with an average return of 1.1% and a 50.4% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Birchcliff Energy Ltd, Imperial Oil Limited, and Encana Corp.
Seven Generations A has an analyst consensus of Strong Buy, with a price target consensus of C$20.88.
Based on Seven Generations A’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$24.6 million. In comparison, last year the company earned revenue of C$515 million and had a net profit of C$85.7 million.
Seven Generations Energy Ltd. is an independent energy company. It engages in the development and exploration of oil and gas resources. The company is focused on developing non-conventional resource plays including shale gas, tight gas, tight oil, and oil sands in Canada and the United States.
The company’s shares closed on Thursday at C$15.41.