Other research analysts also recently issued research reports about the company. CIBC lifted their price target on Vermilion Energy from C$52.00 to C$55.00 in a report on Tuesday, January 23rd. Barclays lifted their price target on Vermilion Energy from C$51.00 to C$59.00 in a report on Wednesday, January 17th. Finally, National Bank Financial lowered their price target on Vermilion Energy from C$54.00 to C$52.00 and set an outperform rating on the stock in a report on Friday, March 2nd. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of Buy and an average target price of C$53.06.
Shares of VET stock opened at C$44.04 on Thursday. Vermilion Energy has a 1-year low of C$38.33 and a 1-year high of C$50.46.
Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings results on Thursday, March 1st. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.16). Vermilion Energy had a net margin of 2.94% and a return on equity of 2.23%. The business had revenue of C$317.34 million for the quarter, compared to analysts’ expectations of C$309.15 million.
In related news, insider Curtis W. Hicks sold 7,000 shares of Vermilion Energy stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of C$40.50, for a total transaction of C$283,500.00. Also, Director Lorenzo Donadeo sold 400,000 shares of Vermilion Energy stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of C$41.26, for a total value of C$16,504,000.00. In the last three months, insiders have sold 434,500 shares of company stock valued at $17,906,400.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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