Vermilion Energy (TSE:VET) PT Raised to C$21.00 at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective upped by equities research analysts at Desjardins from C$20.00 to C$21.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 29.55% from the stock’s previous close.

A number of other equities research analysts have also recently commented on VET. JPMorgan Chase & Co. lowered their target price on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a report on Friday, March 8th. CIBC reduced 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 note on Tuesday, January 16th. Canaccord Genuity Group increased their target price on Vermilion Energy from C$20.00 to C$20.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. Finally, ATB Capital cut their target price on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$21.54.

Vermilion Energy Stock Performance

Shares of VET stock opened at C$16.21 on Tuesday. The stock has a market capitalization of C$2.63 billion, a PE ratio of -11.18, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 52-week low of C$13.30 and a 52-week high of C$21.60. The stock’s 50-day moving average price is C$15.91 and its 200 day moving average price is C$16.52. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results 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 business had revenue of C$522.97 million for the quarter, compared to analysts’ expectations of C$593.34 million. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. As a group, equities research analysts forecast that Vermilion Energy will post 1.8666667 EPS for the current year.

Insider Activity

In other Vermilion Energy news, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. In other Vermilion Energy news, Director Robert B. Michaleski bought 10,000 shares of the stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. Also, Director Myron Maurice Stadnyk bought 3,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of C$16.10 per share, with a total value of C$48,300.00. Insiders own 0.15% of the company’s stock.

About Vermilion Energy

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.