National Bankshares Forecasts Strong Price Appreciation for Vermilion Energy (TSE:VET) Stock

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price boosted by equities research analysts at National Bankshares from C$18.00 to C$19.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 41.90% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. TD Securities lowered their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Canaccord Genuity Group cut their price target on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered their price objective on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, December 30th. Finally, ATB Capital cut their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research note on Monday, December 30th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$17.94.

Vermilion Energy Price Performance

TSE VET opened at C$13.39 on Thursday. Vermilion Energy has a 12-month low of C$11.84 and a 12-month high of C$17.56. The firm’s 50 day moving average is C$13.90 and its 200-day moving average is C$13.77. The company has a market capitalization of C$2.09 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The business had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. Equities research analysts anticipate that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is owned by company insiders.

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.