Desjardins Reiterates “C$16.00” Price Target for Vermilion Energy (TSE:VET)

Vermilion Energy (TSE:VET) (NYSE:VET) has been given a C$16.00 target price by equities research analysts at Desjardins in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target would suggest a potential upside of 16.96% from the stock’s current price.

Several other equities research analysts also recently issued reports on VET. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. National Bank Financial dropped their target price on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$19.29.

Vermilion Energy Trading Up 0.6%

Shares of Vermilion Energy stock traded up C$0.08 during trading hours on Friday, hitting C$13.68. The company’s stock had a trading volume of 432,888 shares, compared to its average volume of 1,266,264. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40. The stock has a 50 day moving average of C$15.07 and a 200 day moving average of C$15.13. Vermilion Energy has a 12 month low of C$9.71 and a 12 month high of C$20.31. The company has a market capitalization of C$2.10 billion, a PE ratio of -2.58, a price-to-earnings-growth ratio of -0.02 and a beta of 0.23.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, May 6th. The company reported C($0.95) EPS for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%.The company had revenue of C$519.12 million for the quarter. Analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Company Profile

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.