Royal Bank of Canada Lowers Vermilion Energy (TSE:VET) Price Target to C$16.00

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its price objective reduced by equities research analysts at Royal Bank of Canada from C$17.00 to C$16.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank of Canada's target price would indicate a potential upside of 23.08% from the company's previous close.

Several other brokerages have also recently issued reports on VET. Canaccord Genuity Group reduced their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. BMO Capital Markets lowered shares of Vermilion Energy from an "outperform" rating to a "market perform" rating and decreased their price target for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. TD Securities decreased their target price on Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Finally, ATB Capital dropped their price target on Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a research report on Monday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$18.77.

Vermilion Energy Stock Up 1.1 %

Shares of TSE VET traded up C$0.14 during midday trading on Monday, reaching C$13.00. 1,603,499 shares of the company's stock were exchanged, compared to its average volume of 787,782. The stock has a market capitalization of C$2.03 billion, a PE ratio of -2.54, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The business's fifty day moving average price is C$13.60 and its two-hundred day moving average price is C$13.94.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The business had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million. Analysts forecast that Vermilion Energy will post 1.3956262 EPS for the current year.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the company's stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of C$12.92 per share, with a total value of C$64,600.00. 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.