Vermilion Energy (TSE:VET) Price Target Cut to C$19.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by stock analysts at Canaccord Genuity Group from C$20.00 to C$19.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 42.96% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. TD Securities reduced their price objective on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Royal Bank of Canada reduced their price objective on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. National Bankshares dropped their target price on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Finally, BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and an average target price of C$19.36.

Vermilion Energy Stock Down 1.1 %

VET stock opened at C$13.29 on Tuesday. The firm’s 50-day moving average is C$13.42 and its two-hundred day moving average is C$14.89. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. The company has a market capitalization of C$2.07 billion, a price-to-earnings ratio of -2.63, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$20.51.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$478.93 million during the quarter, compared to analyst estimates of C$514.63 million. On average, analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by corporate insiders.

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.