TD Securities Has Lowered Expectations for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target reduced by TD Securities from C$18.00 to C$17.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 33.54% from the company’s current price.

A number of other analysts have also recently issued reports on VET. Canaccord Genuity Group cut their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. National Bankshares reduced their price target on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. BMO Capital Markets cut Vermilion Energy from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada cut their price objective on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.27.

Vermilion Energy Stock Down 0.2 %

Shares of TSE VET opened at C$12.73 on Friday. Vermilion Energy has a 52-week low of C$11.87 and a 52-week high of C$17.56. The stock has a market cap of C$1.98 billion, a P/E ratio of -2.49, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The firm has a 50 day moving average price of C$13.67 and a 200 day moving average price of C$14.07.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The company had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million. Analysts expect that Vermilion Energy will post 1.3956262 EPS 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.