Vermilion Energy (TSE:VET) Rating Lowered to “Hold” at TD Securities

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued on Thursday, Marketbeat Ratings reports. They currently have a C$16.00 price target on the stock, up from their previous price target of C$14.00. TD Securities’ price objective points to a potential upside of 4.03% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets raised their target price on Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research note on Thursday, December 11th. Scotiabank boosted their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. ATB Cormark Capital Markets increased their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, December 11th. National Bank Financial raised their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Desjardins lifted their target price on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$14.61.

Vermilion Energy Trading Down 0.8%

TSE VET opened at C$15.38 on Thursday. Vermilion Energy has a 12-month low of C$7.29 and a 12-month high of C$16.39. The company has a fifty day simple moving average of C$13.18 and a two-hundred day simple moving average of C$11.89. The company has a current ratio of 0.84, a quick ratio of 0.40 and a debt-to-equity ratio of 2.22. The stock has a market cap of C$2.36 billion, a P/E ratio of -10.12, a P/E/G ratio of -0.02 and a beta of 1.12.

Insiders Place Their Bets

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction on Monday, December 15th. The stock was bought at an average cost of C$11.56 per share, for a total transaction of C$57,800.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at approximately C$578,000. The trade was a 11.11% increase in their position. Corporate insiders own 0.16% of the company’s stock.

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.