BMO Capital Thinks Seven Generations A’s Stock is Going to Recover

By Carrie Williams

The Materials sector company, Seven Generations A (TSX: VII), has received a rating update from a Wall Street analyst yesterday. Analyst Joe Levesque from BMO Capital remains bullish on the stock and has a C$35 price target.

According to TipRanks.com, Levesque is a 1-star analyst with an average return of -0.2% and a 32.4% success rate. Levesque covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, Athabasca Oil Corporation, and Advantage Oil & Gas Ltd.

Currently, the analyst consensus on Seven Generations A is Strong Buy and the average price target is C$34.81, representing a 52.5% upside.

In a report issued on June 5, RBC Capital also reiterated a Buy rating on the stock with a C$33 price target.

Seven Generations A’s market cap is currently C$8.03B and has a P/E ratio of 0.

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. Its operations include Montney, Kakwa, and Montney Asset Acquisition. The company was founded in 2008 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $22.82, close to its 52-week low of $21.63.