Vermilion Energy (VET) Price Target Cut to C$43.00 by Analysts at Canaccord Genuity

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price decreased by investment analysts at Canaccord Genuity from C$55.00 to C$43.00 in a report released on Thursday. Canaccord Genuity’s price target suggests a potential upside of 38.35% from the company’s previous close.

A number of other equities analysts also recently commented on VET. National Bank Financial cut their target price on shares of Vermilion Energy from C$61.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Raymond James raised shares of Vermilion Energy from an “outperform” rating to a “strong-buy” rating and set a C$51.00 price target for the company in a report on Wednesday, November 14th. Bank of America reissued a “buy” rating and set a C$54.00 target price on shares of Vermilion Energy in a research note on Tuesday, September 18th. CIBC reduced their target price on shares of Vermilion Energy from C$57.50 to C$50.00 in a research note on Friday, October 26th. Finally, BMO Capital Markets reduced their target price on shares of Vermilion Energy from C$52.00 to C$45.00 in a research note on Friday, October 26th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$53.62.

TSE VET traded up C$0.60 during mid-day trading on Thursday, reaching C$31.08. 540,348 shares of the stock were exchanged, compared to its average volume of 1,025,042. Vermilion Energy has a 1-year low of C$26.67 and a 1-year high of C$50.46. The company has a debt-to-equity ratio of 73.75, a quick ratio of 0.43 and a current ratio of 0.52.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Thursday, October 25th. The company reported C$0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.53 by C($0.04). The company had revenue of C$508.41 million for the quarter, compared to analysts’ expectations of C$438.36 million. On average, equities research analysts forecast that Vermilion Energy will post 1.69000022680391 earnings per share for the current fiscal year.

In related news, insider Terrance Gerald Hergott purchased 5,000 shares of Vermilion Energy stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of C$35.01 per share, with a total value of C$175,050.00. Also, Director Catherine L. Williams purchased 2,000 shares of Vermilion Energy stock in a transaction dated Thursday, December 13th. The stock was bought at an average cost of C$30.40 per share, with a total value of C$60,800.00.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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