Vermilion Energy (TSE:VET) Price Target Cut to C$19.00 by Analysts at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target lowered by equities researchers at Canaccord Genuity Group from C$20.00 to C$19.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 42.96% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on VET. JPMorgan Chase & Co. lowered their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. TD Securities dropped their price objective on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. National Bankshares reduced their price objective on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. BMO Capital Markets cut Vermilion Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$20.00 to C$16.00 in a research note on Friday, October 4th. Finally, Desjardins cut their price target on 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$19.36.

Vermilion Energy Stock Down 1.1 %

Shares of TSE VET opened at C$13.29 on Tuesday. Vermilion Energy has a 52-week low of C$11.87 and a 52-week high of C$20.51. 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 business has a fifty day moving average of C$13.42 and a two-hundred day moving average of C$14.89. The stock has a market cap of C$2.07 billion, a PE ratio of -2.63, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The business had revenue of C$478.93 million for the quarter, compared to the consensus estimate of C$514.63 million. As a group, equities research analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s stock in a transaction that occurred 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. Corporate insiders own 0.16% of the company’s stock.

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.