Scotia raises PT - C$20.00 Vermilion Energy (NYSE:VET) Price Target Raised to C$20.00
Thursday, January 13, 2022 | MarketBeat
Vermilion Energy (NYSE:VET) (TSE:VET) had its price objective upped by stock analysts at Scotiabank from C$16.00 to C$20.00 in a report issued on Thursday, The Fly reports.
A number of other equities research analysts also recently issued reports on VET. Stifel Nicolaus boosted their price target on Vermilion Energy from C$15.50 to C$18.50 and gave the company a "hold" rating in a research report on Tuesday, November 30th. CIBC boosted their price target on Vermilion Energy from C$12.50 to C$15.00 and gave the company a "neutral" rating in a research report on Friday, October 15th. Desjardins boosted their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research note on Wednesday, December 1st. Zacks Investment Research upgraded Vermilion Energy from a "hold" rating to a "buy" rating and set a $13.00 price target on the stock in a research note on Saturday, December 25th. Finally, BMO Capital Markets boosted their price target on Vermilion Energy from C$15.00 to C$17.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 10th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Vermilion Energy has a consensus rating of "Buy" and an average price target of $18.35.
VET stock traded up $0.36 during midday trading on Thursday, hitting $15.28. 137,954 shares of the stock were exchanged, compared to its average volume of 2,323,792. The stock's 50-day moving average is $11.37. The stock has a market capitalization of $2.48 billion, a PE ratio of 4.14 and a beta of 2.88. Vermilion Energy has a fifty-two week low of $4.34 and a fifty-two week high of $15.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 0.51.
Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Tuesday, November 9th. The oil and gas company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.28. The company had revenue of $427.72 million during the quarter, compared to the consensus estimate of $404.19 million. Vermilion Energy had a return on equity of 0.98% and a net margin of 46.50%.
Large investors have recently made changes to their positions in the company. Gotham Asset Management LLC lifted its holdings in shares of Vermilion Energy by 1.5% in the third quarter. Gotham Asset Management LLC now owns 94,292 shares of the oil and gas company's stock valued at $933,000 after purchasing an additional 1,375 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in shares of Vermilion Energy by 9.2% in the third quarter. Banque Cantonale Vaudoise now owns 17,351 shares of the oil and gas company's stock worth $171,000 after acquiring an additional 1,460 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Vermilion Energy by 4.2% in the third quarter. Hsbc Holdings PLC now owns 36,763 shares of the oil and gas company's stock worth $361,000 after acquiring an additional 1,480 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Vermilion Energy by 21.6% in the third quarter. Advisor Group Holdings Inc. now owns 12,011 shares of the oil and gas company's stock worth $119,000 after acquiring an additional 2,132 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in shares of Vermilion Energy by 21.1% in the third quarter. Sigma Planning Corp now owns 14,900 shares of the oil and gas company's stock worth $148,000 after acquiring an additional 2,600 shares during the last quarter. Institutional investors own 21.89% of the company's stock.
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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