Vermilion Energy (TSE:VET) Upgraded by TD to “Buy” Rating

Vermilion Energy (TSE:VET) (NYSE:VET) was upgraded by investment analysts at TD from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a C$18.00 price objective on the stock. TD’s target price points to a potential upside of 16.35% from the company’s current price.

Several other analysts have also recently commented on VET. Desjardins set a C$16.00 price target on shares of Vermilion Energy and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised their price objective 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. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$16.00 to C$24.00 in a report on Friday, March 27th. Finally, National Bank Financial decreased 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. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Vermilion Energy currently has a consensus rating of “Hold” and a consensus price target of C$19.12.

Vermilion Energy Price Performance

VET traded up C$1.07 during trading on Wednesday, reaching C$15.47. 1,630,453 shares of the company traded hands, compared to its average volume of 1,266,532. The company has a market cap of C$2.37 billion, a P/E ratio of -2.92, a PEG ratio of -0.02 and a beta of 0.23. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63. Vermilion Energy has a 12-month low of C$9.71 and a 12-month high of C$20.31. The firm has a fifty day simple moving average of C$14.91 and a 200 day simple moving average of C$15.18.

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

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.