Vermilion Energy (TSE:VET) Upgraded by ATB Cormark Capital Markets to Outperform Rating

Vermilion Energy (TSE:VET) (NYSE:VET) was upgraded by investment analysts at ATB Cormark Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a C$24.00 price target on the stock, up from their previous price target of C$16.00. ATB Cormark Capital Markets’ price objective points to a potential upside of 24.55% from the stock’s previous close.

A number of other brokerages also recently weighed in on VET. National Bank Financial upped their price objective on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Tuesday, February 3rd. Desjardins increased their price target on Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a research report on Monday, March 9th. Scotiabank boosted their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada lifted their price target on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Thursday, March 5th. Finally, TD Securities lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and lifted their target price for the company from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Vermilion Energy currently has an average rating of “Hold” and a consensus price target of C$15.83.

Vermilion Energy Stock Performance

Shares of TSE VET traded up C$0.88 during midday trading on Friday, reaching C$19.27. 784,499 shares of the stock were exchanged, compared to its average volume of 1,410,506. The company has a quick ratio of 0.40, a current ratio of 0.84 and a debt-to-equity ratio of 58.60. The firm has a market cap of C$2.94 billion, a price-to-earnings ratio of -4.53, a PEG ratio of -0.02 and a beta of 1.12. The firm has a 50-day simple moving average of C$14.80 and a two-hundred day simple moving average of C$12.57. Vermilion Energy has a twelve month low of C$7.29 and a twelve month high of C$20.31.

Insider Buying and Selling at Vermilion Energy

In related news, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the sale, the insider owned 94,268 shares of the company’s stock, valued at approximately C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. Insiders own 0.16% of the company’s stock.

About Vermilion Energy

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.