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.
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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