Vermilion Energy (TSE:VET) PT Raised to C$21.00 at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target boosted by equities researchers at Desjardins from C$20.00 to C$21.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 29.55% from the company’s previous close.

VET has been the subject of several other reports. Canaccord Genuity Group upped their price target on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Raymond James reduced their price objective on shares of Vermilion Energy from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, January 19th. National Bankshares upped their price objective on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$23.00 to C$21.00 and set an “overweight” rating on the stock in a research note on Friday, March 8th. Finally, CIBC reduced their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$21.54.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$16.21 on Tuesday. The firm has a 50 day moving average of C$15.91 and a 200-day moving average of C$16.52. The stock has a market capitalization of C$2.63 billion, a PE ratio of -11.18, a PEG ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.71 by C$0.59. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. The firm had revenue of C$522.97 million during the quarter, compared to analysts’ expectations of C$593.34 million. On average, equities research analysts predict that Vermilion Energy will post 1.8666667 EPS for the current fiscal year.

Insider Activity

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of Vermilion Energy stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 3,000 shares of Vermilion Energy stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. Also, Director Robert B. Michaleski purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. Corporate 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.