Vermilion Energy (TSE:VET) Given New C$17.50 Price Target at ATB Capital

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price cut by analysts at ATB Capital from C$20.00 to C$17.50 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 36.08% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$20.00 to C$16.00 in a research note on Friday, October 4th. Canaccord Genuity Group decreased their price target on shares of Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. TD Securities cut their price objective on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. National Bankshares raised their price objective on Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Royal Bank of Canada cut their target price on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$18.86.

Vermilion Energy Stock Performance

Shares of VET opened at C$12.86 on Monday. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The firm has a market capitalization of C$2.00 billion, a PE ratio of -2.52, a P/E/G ratio of -0.02 and a beta of 2.60. The firm has a 50-day moving average price of C$13.60 and a 200 day moving average price of C$13.95. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million. On average, sell-side analysts anticipate that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

About Vermilion Energy

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.