Vermilion Energy (TSE:VET) Price Target Cut to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target cut by equities research analysts at National Bankshares from C$23.00 to C$17.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 30.67% from the stock’s previous close.

VET has been the topic of several other research reports. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. JPMorgan Chase & Co. cut their price target on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Canaccord Genuity Group lowered their price objective on Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. BMO Capital Markets dropped their price objective on Vermilion Energy from C$21.00 to C$20.00 in a report on Wednesday, July 3rd. Finally, Desjardins reduced their target price on 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. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.25.

Vermilion Energy Price Performance

VET stock opened at C$13.01 on Friday. The firm has a market cap of C$2.03 billion, a P/E ratio of -2.55, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. 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 1 year low of C$11.87 and a 1 year high of C$21.30. The stock has a 50-day simple moving average of C$13.54 and a 200-day simple moving average of C$15.17.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.95). 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$478.93 million during the quarter, compared to analyst estimates of C$514.63 million. On average, equities analysts predict that Vermilion Energy will post 1.3855165 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by corporate insiders.

Vermilion Energy Company Profile

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.