Vermilion Energy (TSE:VET) Downgraded by Desjardins to Hold

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by equities research analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have a C$14.00 price target on the stock, down from their prior price target of C$19.00. Desjardins’ price objective points to a potential upside of 22.06% from the company’s current price.

VET has been the subject of a number of other research reports. TD Securities dropped their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. ATB Capital dropped their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Monday, December 30th. BMO Capital Markets cut their price objective on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Finally, Royal Bank of Canada lowered their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Vermilion Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$17.06.

Vermilion Energy Stock Up 1.3 %

Shares of TSE VET traded up C$0.15 during midday trading on Wednesday, hitting C$11.47. The company’s stock had a trading volume of 372,976 shares, compared to its average volume of 698,341. The business’s fifty day simple moving average is C$12.97 and its two-hundred day simple moving average is C$13.32. The firm has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -2.16, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 1 year low of C$10.18 and a 1 year high of C$17.56. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40.

Insider Buying and Selling at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of C$12.92 per share, for a total transaction of C$64,600.00. Corporate insiders own 0.16% of the company’s stock.

About Vermilion Energy

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.