Vermilion Energy (TSE:VET) Price Target Raised to C$40.00 at Scotiabank

Vermilion Energy (TSE:VETGet Rating) (NYSE:VET) had its target price raised by equities researchers at Scotiabank from C$38.00 to C$40.00 in a note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 24.49% from the stock’s current price.

A number of other brokerages have also weighed in on VET. JPMorgan Chase & Co. raised their price objective on Vermilion Energy from C$24.00 to C$27.00 in a research report on Monday, August 22nd. BMO Capital Markets raised their price objective on Vermilion Energy from C$35.00 to C$40.00 in a research report on Friday, August 12th. ATB Capital lifted their price target on Vermilion Energy from C$31.00 to C$36.00 and gave the stock a “na” rating in a research report on Thursday, June 2nd. TD Securities lifted their price target on Vermilion Energy from C$40.00 to C$45.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Finally, Stifel Firstegy upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$37.91.

Vermilion Energy Trading Up 2.5 %

Shares of VET stock opened at C$32.13 on Friday. Vermilion Energy has a 52-week low of C$8.43 and a 52-week high of C$39.21. The company has a debt-to-equity ratio of 58.90, a quick ratio of 0.39 and a current ratio of 0.55. The firm has a market capitalization of C$5.27 billion and a PE ratio of 6.48. The stock has a fifty day simple moving average of C$30.99 and a two-hundred day simple moving average of C$28.04.

Insider Activity

In related news, Director Judy Ann Steele purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The stock was purchased at an average price of C$24.89 per share, with a total value of C$49,787.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at approximately C$49,787.

About Vermilion Energy

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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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