Vermilion Energy (TSE:VET) Price Target Cut to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target cut by National Bankshares from C$23.00 to C$17.00 in a research report issued on Friday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 30.67% from the company’s previous close.

Several other brokerages also recently weighed in on VET. JPMorgan Chase & Co. cut their target price on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Desjardins cut their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Canaccord Genuity Group decreased their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. BMO Capital Markets dropped their price target on shares of Vermilion Energy from C$21.00 to C$20.00 in a research report on Wednesday, July 3rd. Finally, Royal Bank of Canada decreased their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$20.25.

Vermilion Energy Stock Up 1.1 %

VET stock opened at C$13.01 on Friday. The stock has a market cap of C$2.03 billion, a PE ratio of -2.55, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. The firm’s 50-day simple moving average is C$13.54 and its 200 day simple moving average is C$15.17. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$21.30. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The firm had revenue of C$478.93 million during the quarter, compared to analyst estimates of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, sell-side analysts predict that Vermilion Energy will post 1.3855165 EPS for the current year.

Insiders Place Their Bets

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of C$13.54 per share, for a total transaction of C$67,700.00. 0.16% of the stock is currently owned by company insiders.

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.