JPMorgan Chase & Co. Lowers Vermilion Energy (TSE:VET) Price Target to C$18.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from C$21.00 to C$18.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 36.47% from the stock’s current price.

A number of other brokerages have also commented on VET. National Bankshares lifted their price target on Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Canaccord Genuity Group cut their price target on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Stifel Nicolaus boosted their target price on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada raised their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Finally, Desjardins reduced their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$21.25.

Vermilion Energy Stock Up 0.8 %

VET traded up C$0.11 during mid-day trading on Wednesday, reaching C$13.19. 914,210 shares of the stock were exchanged, compared to its average volume of 775,730. Vermilion Energy has a 1 year low of C$12.82 and a 1 year high of C$21.60. The stock has a market capitalization of C$2.11 billion, a PE ratio of -3.53, a price-to-earnings-growth ratio of -0.02 and a beta of 2.73. The company has a 50 day moving average price of C$15.13 and a two-hundred day moving average price of C$15.51. The company has a debt-to-equity ratio of 32.96, a quick ratio of 0.40 and a current ratio of 1.15.

Insider Buying and Selling at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of C$16.45 per share, for a total transaction of C$82,245.00. In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of C$16.45 per share, for a total transaction of C$82,245.00. Also, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$16.37, for a total transaction of C$491,100.00. 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.