TD Securities Forecasts Strong Price Appreciation for Vermilion Energy (TSE:VET) Stock

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective hoisted by research analysts at TD Securities from C$13.00 to C$14.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 18.04% from the company’s current price.

A number of other brokerages also recently weighed in on VET. Desjardins upped their price target on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Monday, November 24th. Scotiabank boosted their target price on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. National Bankshares cut their target price on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets raised their target price on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and a consensus price target of C$14.00.

Vermilion Energy Trading Down 2.1%

Vermilion Energy stock opened at C$11.86 on Thursday. The firm has a 50-day moving average price of C$11.58 and a two-hundred day moving average price of C$10.90. Vermilion Energy has a 52-week low of C$7.29 and a 52-week high of C$15.11. The firm has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -7.80, a PEG ratio of -0.02 and a beta of 0.82. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.02 EPS for the quarter. Vermilion Energy had a negative return on equity of 28.37% and a negative net margin of 42.01%.The company had revenue of C$452.18 million for the quarter. Sell-side analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current year.

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.