Vermilion Energy (TSE:VET) Price Target Increased to C$20.50 by Analysts at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price increased by equities research analysts at Canaccord Genuity Group from C$20.00 to C$20.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 26.70% from the stock’s current price.

Several other equities research analysts have also weighed in on VET. CIBC dropped their price target on Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$18.00 to C$20.00 in a research note on Wednesday, March 27th. Raymond James decreased their price target on Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Friday, January 19th. National Bankshares boosted their price target on Vermilion Energy from C$20.00 to C$21.00 in a research note on Thursday, March 7th. Finally, Desjardins decreased their price target on Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$21.54.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at C$16.18 on Wednesday. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40. The business’s 50 day simple moving average is C$15.74 and its two-hundred day simple moving average is C$16.59. The stock has a market capitalization of C$2.63 billion, a P/E ratio of -11.16, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. Vermilion Energy has a one year low of C$13.30 and a one year high of C$21.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The firm had revenue of C$522.97 million for the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. Analysts forecast that Vermilion Energy will post 1.8666667 EPS for the current year.

Insider Transactions at Vermilion Energy

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total value of C$825,000.00. In related news, Director Robert B. Michaleski acquired 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. Corporate insiders own 0.15% of the company’s stock.

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.