Vermilion Energy (TSE:VET) Price Target Raised to C$22.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target upped by stock analysts at Stifel Nicolaus from C$20.25 to C$22.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 34.97% from the stock’s previous close.

A number of other brokerages have also weighed in on VET. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from C$18.00 to C$20.00 in a research note on Wednesday, March 27th. Royal Bank of Canada boosted their target price on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Desjardins reduced their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Canaccord Genuity Group lifted their price target on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, Raymond James cut their price objective on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$21.54.

Vermilion Energy Stock Performance

TSE:VET traded up C$0.07 during midday trading on Tuesday, reaching C$16.30. 472,654 shares of the company traded hands, compared to its average volume of 764,388. The firm has a market capitalization of C$2.65 billion, a price-to-earnings ratio of -11.23, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. The company has a fifty day moving average price of C$15.82 and a 200 day moving average price of C$16.54. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. Vermilion Energy has a twelve month low of C$13.30 and a twelve month high of C$21.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping the consensus estimate of C$0.71 by C$0.59. The business had revenue of C$522.97 million during the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. On average, analysts expect that Vermilion Energy will post 1.8666667 EPS for the current fiscal year.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, Director Robert B. Michaleski acquired 10,000 shares of Vermilion Energy stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of C$14.94 per share, with a total value of C$149,400.00. In other news, Director Myron Maurice Stadnyk bought 3,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were bought at an average cost of C$16.10 per share, with a total value of C$48,300.00. Also, Director Robert B. Michaleski purchased 10,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of C$14.94 per share, with a total value of C$149,400.00. Company insiders own 0.15% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.