Vermilion Energy (TSE:VET) Downgraded to “Hold” Rating by TD Securities

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Thursday,BayStreet.CA reports. They presently have a C$16.00 price target on the stock, up from their previous price target of C$14.00. TD Securities’ price target indicates a potential upside of 2.56% from the company’s previous close.

VET has been the topic of several other research reports. BMO Capital Markets upped their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, December 11th. Desjardins boosted their target price on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a research note on Monday, November 24th. ATB Cormark Capital Markets raised their price target on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 11th. National Bank Financial lifted their price objective on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Finally, Scotiabank upped their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vermilion Energy currently has a consensus rating of “Hold” and an average price target of C$14.61.

Vermilion Energy Trading Down 1.0%

Shares of VET traded down C$0.16 during mid-day trading on Thursday, reaching C$15.60. 1,757,360 shares of the company’s stock traded hands, compared to its average volume of 1,300,339. The stock has a market cap of C$2.39 billion, a P/E ratio of -10.26, a P/E/G ratio of -0.02 and a beta of 1.24. The stock’s 50-day moving average is C$13.01 and its two-hundred day moving average is C$11.83. Vermilion Energy has a 12 month low of C$7.29 and a 12 month high of C$16.39. The company has a debt-to-equity ratio of 48.94, a current ratio of 0.81 and a quick ratio of 0.40.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of C$11.56 per share, for a total transaction of C$57,800.00. Following the acquisition, the director owned 50,000 shares of the company’s stock, valued at C$578,000. The trade was a 11.11% increase in their position. Insiders own 0.16% of the company’s stock.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.