Scotiabank Raises Vermilion Energy (TSE:VET) Price Target to C$15.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective increased by equities researchers at Scotiabank from C$14.00 to C$15.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 14.94% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. ATB Capital lifted their target price on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Desjardins raised their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Monday, November 24th. TD Securities boosted their price objective on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. National Bankshares dropped their price objective on 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 lifted their target price on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and a consensus target price of C$14.11.

Vermilion Energy Trading Up 6.9%

Shares of TSE:VET opened at C$13.05 on Tuesday. The stock has a 50 day moving average of C$11.95 and a 200 day moving average of C$11.17. The company has a market cap of C$2.00 billion, a PE ratio of -8.59, a price-to-earnings-growth ratio of -0.02 and a beta of 0.80. Vermilion Energy has a 12-month low of C$7.29 and a 12-month high of C$14.83. 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 (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, November 5th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$452.18 million for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. As a group, equities research analysts expect that Vermilion Energy will post 1.3956262 EPS for the current year.

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 Monday, December 15th. The stock was purchased at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at C$578,000. This trade represents a 11.11% increase in their position. Company insiders own 0.16% of the company’s stock.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.