TD Securities Issues Pessimistic Forecast for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target lowered by analysts at TD Securities from C$18.00 to C$17.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 33.54% from the company’s current price.

VET has been the topic of a number of other reports. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$20.00 to C$16.00 in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Canaccord Genuity Group decreased their price target on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. National Bankshares reduced their price objective on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Finally, Royal Bank of Canada dropped their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$19.27.

Vermilion Energy Trading Down 0.2 %

Shares of TSE VET opened at C$12.73 on Friday. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The company has a market cap of C$1.98 billion, a price-to-earnings ratio of -2.49, a PEG ratio of -0.02 and a beta of 2.60. The business’s 50 day moving average price is C$13.67 and its 200-day moving average price is C$14.07. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$17.56.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The company had revenue of C$490.10 million for the quarter, compared to analysts’ expectations of C$497.45 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. On average, sell-side analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current 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.