TD Securities Trims Vermilion Energy (TSE:VET) Target Price to C$18.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price cut by equities research analysts at TD Securities from C$20.00 to C$18.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 33.04% from the company’s previous close.

Several other research firms have also commented on VET. Canaccord Genuity Group decreased their price objective on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Desjardins cut their target price on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. National Bankshares cut their target price on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday. Royal Bank of Canada cut their target price on shares of Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Finally, BMO Capital Markets cut their target price on shares of Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$20.08.

Vermilion Energy Price Performance

Shares of TSE VET traded up C$0.33 during trading on Tuesday, hitting C$13.53. 574,831 shares of the company were exchanged, compared to its average volume of 777,021. The company has a market cap of C$2.11 billion, a price-to-earnings ratio of -2.65, a PEG ratio of -0.02 and a beta of 2.62. Vermilion Energy has a 1 year low of C$11.87 and a 1 year high of C$21.30. The firm’s fifty day moving average price is C$13.50 and its 200 day moving average price is C$15.16. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its 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 company had revenue of C$478.93 million for the quarter, compared to analysts’ expectations of C$514.63 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. On average, sell-side analysts expect that Vermilion Energy will post 1.3855165 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased 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 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.