TD Securities Downgrades Vermilion Energy (TSE:VET) to Hold

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,BayStreet.CA reports. They currently have a C$16.00 target price on the stock, up from their previous target price of C$14.00. TD Securities’ price objective would suggest a potential upside of 2.56% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. ATB Cormark Capital Markets boosted their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 11th. BMO Capital Markets lifted their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research note on Thursday, December 11th. National Bank Financial upped their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Scotiabank raised their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Finally, Desjardins boosted their target price on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$14.61.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded down C$0.16 during trading on Thursday, reaching C$15.60. The company’s stock had a trading volume of 1,757,360 shares, compared to its average volume of 1,300,339. The company has a quick ratio of 0.40, a current ratio of 0.81 and a debt-to-equity ratio of 48.94. The business’s 50-day moving average price is C$13.01 and its 200-day moving average price is C$11.83. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$16.39. The firm has a market cap of C$2.39 billion, a PE ratio of -10.26, a P/E/G ratio of -0.02 and a beta of 1.24.

Insider Activity

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the transaction, the director owned 50,000 shares in the company, valued at approximately C$578,000. This trade represents a 11.11% increase in their position. Insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.