Vermilion Energy (TSE:VET) Given New C$16.00 Price Target at Royal Bank of Canada

Vermilion Energy (TSE:VETGet Free Report) (NYSE:VET) had its price objective reduced by equities researchers at Royal Bank of Canada from C$17.00 to C$16.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 22.42% from the stock’s current price.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. TD Securities cut their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. National Bankshares raised their target price on shares of Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Canaccord Genuity Group cut their price target on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$18.77.

Read Our Latest Analysis on VET

Vermilion Energy Price Performance

Shares of TSE:VET traded up C$0.21 during trading on Monday, hitting C$13.07. 651,276 shares of the company’s stock were exchanged, compared to its average volume of 783,940. The business’s 50-day simple moving average is C$13.60 and its 200 day simple moving average is C$13.94. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The company has a market cap of C$2.04 billion, a price-to-earnings ratio of -2.56, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VETGet Free Report) (NYSE:VET) last posted its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The company had revenue of C$490.10 million for the quarter, compared to analysts’ expectations of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, equities analysts predict that Vermilion Energy will post 1.3956262 EPS for the current year.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the stock in a transaction on Friday, December 27th. The shares were bought at an average price of C$12.92 per share, for a total transaction of C$64,600.00. Corporate insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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