Vermilion Energy (TSE:VET) Price Target Increased to C$21.00 by Analysts at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective raised by investment analysts at Desjardins from C$20.00 to C$21.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 28.83% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on VET. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. ATB Capital dropped their price objective on Vermilion Energy from C$27.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Thursday, January 18th. National Bankshares upped their target price on Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. cut their price target on Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a research note on Friday, March 8th. Finally, Royal Bank of Canada upped their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$21.54.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock traded up C$0.07 during trading hours on Tuesday, reaching C$16.30. The company’s stock had a trading volume of 472,654 shares, compared to its average volume of 764,388. The stock has a market cap of C$2.65 billion, a P/E ratio of -11.23, a P/E/G ratio of -0.02 and a beta of 2.71. Vermilion Energy has a one year low of C$13.30 and a one year high of C$21.60. The firm has a 50 day moving average price of C$15.82 and a 200-day moving average price of C$16.54. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 EPS for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.59. The firm had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. On average, analysts predict that Vermilion Energy will post 1.8666667 EPS for the current year.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, Director Robert B. Michaleski acquired 10,000 shares of the stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of C$14.94 per share, with a total value of C$149,400.00. In related news, Director Robert B. Michaleski bought 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The shares were bought at an average price of C$14.94 per share, with a total value of C$149,400.00. Also, Director Myron Maurice Stadnyk bought 3,000 shares of Vermilion Energy stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased 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.