TD Securities Trims Vermilion Energy (TSE:VET) Target Price to C$18.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price decreased by analysts at TD Securities from C$20.00 to C$18.00 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ price objective suggests a potential upside of 31.39% from the company’s current price.

Several other research firms also recently weighed in on VET. National Bankshares dropped their target price on shares of Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Canaccord Genuity Group cut their price objective on Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. JPMorgan Chase & Co. lowered their target price on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Royal Bank of Canada dropped their price target on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. Finally, Desjardins reduced their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$20.08.

Vermilion Energy Stock Performance

VET opened at C$13.70 on Tuesday. Vermilion Energy has a 1-year low of C$11.87 and a 1-year high of C$21.30. The stock has a market cap of C$2.14 billion, a P/E ratio of -2.68, a P/E/G ratio of -0.02 and a beta of 2.62. The stock’s 50 day simple moving average is C$13.45 and its 200 day simple moving average is C$15.13. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). The firm had revenue of C$478.93 million during the quarter, compared to analysts’ expectations of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, equities analysts anticipate that Vermilion Energy will post 1.3855165 EPS for the current fiscal year.

Insider Transactions at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of C$13.54 per share, for a total transaction of C$67,700.00. Insiders own 0.16% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.