Vermilion Energy (TSE:VET) PT Raised to C$23.00
Vermilion Energy (TSE:VET) (NYSE:VET) had its price target lifted by investment analysts at TD Securities from C$22.00 to C$23.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 23.26% from the company’s current price.
A number of other brokerages have also weighed in on VET. ATB Capital boosted their target price on shares of Vermilion Energy from C$13.50 to C$14.50 in a research note on Wednesday, December 1st. Raymond James boosted their price objective on shares of Vermilion Energy from C$18.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, November 30th. BMO Capital Markets boosted their price objective on shares of Vermilion Energy from C$13.50 to C$15.00 in a research report on Wednesday, October 20th. National Bankshares upped their target price on shares of Vermilion Energy from C$19.00 to C$30.00 in a report on Thursday, January 6th. Finally, National Bank Financial increased their price objective on shares of Vermilion Energy from C$19.00 to C$30.00 and gave the company an “outperform” rating in a report on Thursday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy has a consensus rating of “Buy” and an average target price of C$18.18.
Shares of TSE VET opened at C$18.66 on Tuesday. Vermilion Energy has a twelve month low of C$5.55 and a twelve month high of C$19.13. The firm has a market cap of C$3.03 billion and a P/E ratio of 4.06. The company has a 50 day moving average of C$14.39 and a 200 day moving average of C$11.64. The company has a quick ratio of 0.31, a current ratio of 0.51 and a debt-to-equity ratio of 105.31.
Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Tuesday, November 9th. The company reported C$0.70 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.34 by C$0.36. The company had revenue of C$538.53 million for the quarter, compared to analysts’ expectations of C$517.00 million. As a group, equities analysts expect that Vermilion Energy will post 2.9500002 earnings per share for the current fiscal year.
Vermilion Energy Company Profile
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 642,300 net acres of developed land and 87% working interest in 376,700 net acres of undeveloped land, and 613 net producing natural gas wells and 3,034 net producing oil wells in Canada; and 96% working interest in 248,900 net acres of developed land and 91% working interest in 222,100 net acres of undeveloped land in the Aquitaine and Paris Basins, and 325 net producing oil wells and 3.0 net producing gas wells in France.
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