Vermilion Energy (TSE:VET) Raised to “Buy” at TD

Vermilion Energy (TSE:VET) (NYSE:VET) was upgraded by equities research analysts at TD from a “hold” rating to a “buy” rating in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a C$18.00 price objective on the stock. TD’s price target suggests a potential upside of 13.64% from the stock’s current price.

Other analysts also recently issued reports about the company. National Bank Financial reduced their target price on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Desjardins set a C$16.00 price objective on Vermilion Energy and gave the company a “hold” rating in a research note on Friday, July 17th. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$16.00 to C$24.00 in a report on Friday, March 27th. Finally, Royal Bank Of Canada upped their target price on Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$19.12.

Vermilion Energy Price Performance

Vermilion Energy stock opened at C$15.84 on Wednesday. The stock has a market capitalization of C$2.43 billion, a price-to-earnings ratio of -2.99, a PEG ratio of -0.02 and a beta of 0.23. Vermilion Energy has a 52-week low of C$9.71 and a 52-week high of C$20.31. The stock’s 50 day moving average price is C$14.85 and its two-hundred day moving average price is C$15.24. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. The company had revenue of C$519.12 million during the quarter. On average, equities analysts predict 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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.