Vermilion Energy (NYSE:VET) PT Raised to C$20.00

Vermilion Energy (NYSE:VET) (TSE:VET) had its target price upped by research analysts at Royal Bank of Canada from C$17.00 to C$20.00 in a report released on Thursday, The Fly reports. The brokerage currently has a “sector perform” rating on the oil and gas company’s stock.

A number of other equities analysts also recently commented on the stock. Desjardins upped their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research report on Wednesday, December 1st. TD Securities upped their price objective on shares of Vermilion Energy from C$22.00 to C$23.00 in a research report on Wednesday. BMO Capital Markets upped their price objective on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 10th. Raymond James upped their price objective on shares of Vermilion Energy from C$18.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 30th. Finally, CIBC upped their price objective on shares of Vermilion Energy from C$12.50 to C$15.00 and gave the stock a “neutral” rating in a research report on Friday, October 15th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Buy” and an average target price of $18.35.

VET stock opened at $15.84 on Thursday. The company has a fifty day moving average price of $11.54 and a 200 day moving average price of $9.36. Vermilion Energy has a 12 month low of $4.34 and a 12 month high of $15.93. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 4.32 and a beta of 2.88. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.51 and a quick ratio of 0.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Tuesday, November 9th. The oil and gas company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.28 by $0.28. Vermilion Energy had a net margin of 46.50% and a return on equity of 0.98%. The firm had revenue of $427.72 million during the quarter, compared to the consensus estimate of $404.19 million.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC grew its stake in Vermilion Energy by 52.1% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 18,400 shares of the oil and gas company’s stock valued at $161,000 after acquiring an additional 6,300 shares during the last quarter. Franklin Resources Inc. grew its stake in Vermilion Energy by 463.3% in the 2nd quarter. Franklin Resources Inc. now owns 121,929 shares of the oil and gas company’s stock valued at $1,068,000 after acquiring an additional 100,284 shares during the last quarter. Mackenzie Financial Corp grew its stake in Vermilion Energy by 25.7% in the 3rd quarter. Mackenzie Financial Corp now owns 256,596 shares of the oil and gas company’s stock valued at $2,532,000 after acquiring an additional 52,538 shares during the last quarter. Deutsche Bank AG grew its stake in Vermilion Energy by 582.0% in the 2nd quarter. Deutsche Bank AG now owns 235,571 shares of the oil and gas company’s stock valued at $2,061,000 after acquiring an additional 201,029 shares during the last quarter. Finally, PEAK6 Investments LLC grew its stake in Vermilion Energy by 337.2% in the 2nd quarter. PEAK6 Investments LLC now owns 60,339 shares of the oil and gas company’s stock valued at $528,000 after acquiring an additional 46,539 shares during the last quarter. 21.89% of the stock is currently owned by hedge funds and other institutional investors.

About Vermilion Energy

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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