Vermilion Energy (TSE:VET) Price Target Cut to C$20.00 by Analysts at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target decreased by investment analysts at Desjardins from C$21.00 to C$20.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 51.17% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus increased their price target on shares of Vermilion Energy from C$20.25 to C$22.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. National Bankshares raised their price objective on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. BMO Capital Markets dropped their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 in a report on Wednesday, July 3rd. Finally, Canaccord Genuity Group dropped their price objective on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$21.50.

Vermilion Energy Price Performance

TSE:VET traded up C$0.17 during mid-day trading on Tuesday, hitting C$13.23. The company’s stock had a trading volume of 798,846 shares, compared to its average volume of 769,888. Vermilion Energy has a fifty-two week low of C$12.82 and a fifty-two week high of C$21.60. The company has a current ratio of 1.15, a quick ratio of 0.40 and a debt-to-equity ratio of 32.96. The company has a market capitalization of C$2.12 billion, a price-to-earnings ratio of -3.48, a P/E/G ratio of -0.02 and a beta of 2.73. The stock has a fifty day moving average of C$15.22 and a 200-day moving average of C$15.52.

Insider Buying and Selling at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of C$16.45 per share, with a total value of C$82,245.00. In related news, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$16.37, for a total transaction of C$491,100.00. Also, Director Myron Maurice Stadnyk purchased 5,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of C$16.45 per share, for a total transaction of C$82,245.00. Insiders own 0.15% 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.