National Bankshares Raises Vermilion Energy (TSE:VET) Price Target to C$18.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective increased by National Bankshares from C$17.50 to C$18.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 37.09% from the company’s current price.

A number of other research firms also recently issued reports on VET. Royal Bank of Canada cut their price target on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. Canaccord Genuity Group dropped their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their target price on shares of Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Finally, TD Securities dropped their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.86.

Vermilion Energy Price Performance

VET stock opened at C$13.13 on Tuesday. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The company has a market capitalization of C$2.05 billion, a P/E ratio of -2.57, a PEG ratio of -0.02 and a beta of 2.60. The company has a fifty day moving average price of C$13.61 and a 200-day moving average price of C$14.00.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The firm had revenue of C$490.10 million for the quarter, compared to the consensus estimate of C$497.45 million. As a group, equities analysts expect 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.