Vermilion Energy (TSE:VET) Downgraded to “Hold” Rating by Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by Desjardins from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a C$14.00 target price on the stock, down from their prior target price of C$19.00. Desjardins’ target price suggests a potential upside of 18.54% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. TD Securities dropped their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. National Bankshares lifted their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, ATB Capital reduced their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.06.

Vermilion Energy Stock Performance

Shares of TSE:VET opened at C$11.81 on Wednesday. The company’s 50 day moving average price is C$12.85 and its two-hundred day moving average price is C$13.29. Vermilion Energy has a 12-month low of C$10.18 and a 12-month high of C$17.56. The firm has a market cap of C$1.83 billion, a PE ratio of -2.22, a PEG ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Insider Activity

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was acquired at an average cost of C$12.92 per share, for a total transaction of C$64,600.00. 0.16% of the stock is owned by corporate insiders.

Vermilion Energy Company Profile

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.