Royal Bank of Canada Issues Positive Forecast for Vermilion Energy (TSE:VET) Stock Price

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lifted by analysts at Royal Bank of Canada from C$14.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 78.97% from the stock’s previous close.

Several other research firms also recently issued reports on VET. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. National Bankshares lifted their price objective 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. Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. CIBC decreased their price target on Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Vermilion Energy from C$10.00 to C$11.00 in a report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$15.17.

Vermilion Energy Trading Up 2.4 %

Shares of VET opened at C$8.94 on Thursday. The firm’s 50-day moving average is C$9.85 and its two-hundred day moving average is C$12.28. Vermilion Energy has a twelve month low of C$7.29 and a twelve month high of C$17.15. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The firm has a market capitalization of C$1.38 billion, a P/E ratio of -1.68, a PEG ratio of -0.02 and a beta of 2.60.

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.