Vermilion Energy (TSE:VET) Price Target Increased to C$20.50 by Analysts at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target upped by investment analysts at Canaccord Genuity Group from C$20.00 to C$20.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 26.15% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. ATB Capital reduced their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. TD Securities upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$18.00 to C$20.00 in a report on Wednesday, March 27th. Desjardins reduced their price objective 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. Raymond James reduced their price objective on shares of Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, CIBC cut their price target on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Vermilion Energy has an average rating of “Moderate Buy” and a consensus price target of C$21.88.

Vermilion Energy Stock Down 2.5 %

TSE:VET traded down C$0.41 during trading hours on Wednesday, reaching C$16.25. The company had a trading volume of 564,102 shares, compared to its average volume of 781,125. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. The firm has a market cap of C$2.64 billion, a price-to-earnings ratio of -11.21, a P/E/G ratio of -0.02 and a beta of 2.71. The business’s 50-day simple moving average is C$15.65 and its two-hundred day simple moving average is C$16.60. 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 posted its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The business had revenue of C$522.97 million during the quarter, compared to analysts’ expectations 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, equities analysts expect that Vermilion Energy will post 1.8666667 earnings per share for the current year.

Insiders Place Their Bets

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

Vermilion Energy Company Profile

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.