Vermilion Energy (TSE:VET) Given New C$19.00 Price Target at CIBC

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective lifted by equities research analysts at CIBC from C$15.00 to C$19.00 in a report released on Thursday, BayStreet.CA reports. CIBC’s price objective would suggest a potential downside of 4.43% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Vermilion Energy from C$14.50 to C$16.50 and gave the stock a “sector perform” rating in a report on Wednesday, December 1st. Scotiabank reduced their target price on shares of Vermilion Energy from C$16.00 to C$15.00 in a report on Tuesday, November 30th. TD Securities increased their target price on shares of Vermilion Energy from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Tuesday. ATB Capital increased their price target on shares of Vermilion Energy from C$13.50 to C$14.50 in a research note on Wednesday, December 1st. Finally, BMO Capital Markets increased their price target on shares of Vermilion Energy from C$13.50 to C$15.00 in a research note on Wednesday, October 20th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$18.86.

VET opened at C$19.88 on Thursday. The company has a debt-to-equity ratio of 105.31, a current ratio of 0.51 and a quick ratio of 0.31. The company has a market cap of C$3.23 billion and a price-to-earnings ratio of 4.33. The firm has a 50 day simple moving average of C$14.61 and a 200 day simple moving average of C$11.76. Vermilion Energy has a fifty-two week low of C$5.55 and a fifty-two week high of C$19.98.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Tuesday, November 9th. The company reported C$0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.34 by C$0.36. The company had revenue of C$538.53 million during the quarter, compared to analyst estimates of C$517.00 million. As a group, analysts expect that Vermilion Energy will post 2.9500002 EPS for the current year.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 642,300 net acres of developed land and 87% working interest in 376,700 net acres of undeveloped land, and 613 net producing natural gas wells and 3,034 net producing oil wells in Canada; and 96% working interest in 248,900 net acres of developed land and 91% working interest in 222,100 net acres of undeveloped land in the Aquitaine and Paris Basins, and 325 net producing oil wells and 3.0 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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