Vermilion Energy (TSE:VET) Raised to “Strong-Buy” at TD Securities

Vermilion Energy (TSE:VET) (NYSE:VET) was upgraded by investment analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

VET has been the subject of a number of other reports. Desjardins set a C$16.00 price target on shares of Vermilion Energy and gave the company a “hold” rating in a report on Friday, July 17th. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$16.00 to C$24.00 in a report on Friday, March 27th. National Bank Financial lowered their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Royal Bank Of Canada upped their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 19th. Finally, TD raised Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 target price for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$19.12.

Vermilion Energy Stock Up 7.8%

Vermilion Energy stock opened at C$15.53 on Wednesday. The company has a market capitalization of C$2.38 billion, a P/E ratio of -2.93, a P/E/G ratio of -0.02 and a beta of 0.23. The firm’s fifty day simple moving average is C$14.88 and its 200-day simple moving average is C$15.21. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 63.73. Vermilion Energy has a 1-year low of C$9.71 and a 1-year high of C$20.31.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, May 6th. The company reported C($0.95) EPS for the quarter. The business had revenue of C$519.12 million for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%. Sell-side analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

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.