Desjardins Cuts Vermilion Energy (TSE:VET) Price Target to C$30.00

Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) had its price objective cut by stock analysts at Desjardins from C$31.00 to C$30.00 in a report released on Monday, The Fly reports. Desjardins’ price objective would indicate a potential upside of 66.57% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Scotiabank lowered their target price on shares of Vermilion Energy from C$40.00 to C$32.00 in a report on Monday, January 9th. JPMorgan Chase & Co. lowered their target price on shares of Vermilion Energy from C$34.00 to C$33.00 in a report on Monday, December 5th. BMO Capital Markets decreased their price target on shares of Vermilion Energy from C$25.00 to C$23.00 in a research note on Thursday, March 9th. Royal Bank of Canada decreased their price target on shares of Vermilion Energy from C$29.00 to C$27.00 and set a “sector perform” rating for the company in a research note on Thursday, March 9th. Finally, TD Securities decreased their price target on shares of Vermilion Energy from C$35.00 to C$29.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.18.

Vermilion Energy Trading Down 4.3 %

Shares of Vermilion Energy stock opened at C$18.01 on Monday. The company has a fifty day simple moving average of C$19.56 and a 200-day simple moving average of C$25.48. Vermilion Energy has a 12-month low of C$17.49 and a 12-month high of C$39.21. The company has a current ratio of 0.80, a quick ratio of 0.40 and a debt-to-equity ratio of 33.31. The stock has a market cap of C$2.94 billion, a price-to-earnings ratio of 2.45, a PEG ratio of -0.02 and a beta of 2.91.

About Vermilion Energy

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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.