Vermilion Energy (TSE:VET) Given New C$15.00 Price Target at Scotiabank

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lifted by research analysts at Scotiabank from C$14.00 to C$15.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 22.15% from the company’s current price.

VET has been the subject of a number of other reports. TD Securities lifted their price objective on Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a report on Thursday, December 11th. BMO Capital Markets lifted their price target on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, December 11th. Desjardins upped their price objective on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. National Bankshares dropped their price objective on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, ATB Capital lifted their target price on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$14.11.

Vermilion Energy Stock Performance

VET traded up C$0.14 during trading on Tuesday, reaching C$12.28. 599,337 shares of the company’s stock were exchanged, compared to its average volume of 962,081. The company has a market capitalization of C$1.88 billion, a P/E ratio of -8.08, a PEG ratio of -0.02 and a beta of 0.80. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The business has a 50 day moving average price of C$11.95 and a 200 day moving average price of C$11.14. Vermilion Energy has a fifty-two week low of C$7.29 and a fifty-two week high of C$14.83.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, November 5th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$452.18 million for the quarter. Vermilion Energy had a negative net margin of 42.01% and a negative return on equity of 28.37%. As a group, analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Activity

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of C$11.56 per share, with a total value of C$57,800.00. Following the purchase, the director owned 50,000 shares in the company, valued at C$578,000. This trade represents a 11.11% increase in their ownership of the stock. 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.