Vermilion Energy (TSE:VET – Get 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.
About Vermilion Energy
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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