Vermilion Energy (TSE:VET) Cut to Hold at Desjardins

Desjardins cut shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a buy rating to a hold rating in a research note released on Wednesday, MarketBeat reports. The brokerage currently has C$14.00 target price on the stock, down from their prior target price of C$19.00.

VET has been the subject of a number of other research reports. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. BMO Capital Markets dropped their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. ATB Capital dropped their price target on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Monday, December 30th. National Bankshares raised their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, TD Securities dropped their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$17.06.

Vermilion Energy Price Performance

Shares of TSE VET opened at C$11.82 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. Vermilion Energy has a twelve month low of C$10.18 and a twelve month high of C$17.56. The stock has a 50 day moving average of C$12.79 and a two-hundred day moving average of C$13.28. The stock has a market cap of C$1.83 billion, a P/E ratio of -2.22, a P/E/G ratio of -0.02 and a beta of 2.60.

Insider Buying and Selling

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction on Friday, December 27th. The stock was bought at an average price of C$12.92 per share, for a total transaction of C$64,600.00. 0.16% of the stock is owned by company insiders.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.