Vermilion Energy (TSE:VET) Downgraded by BMO Capital Markets

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Marketbeat.com reports. They currently have a C$16.00 target price on the stock, down from their previous target price of C$20.00. BMO Capital Markets’ price target indicates a potential upside of 14.53% from the stock’s current price.

Several other equities research analysts have also recently commented on VET. Desjardins dropped their price target on shares of 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. 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. Royal Bank of Canada reduced their target price on shares of Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. TD Securities dropped their price target on Vermilion Energy from C$20.00 to C$18.00 in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$19.75.

Vermilion Energy Trading Down 1.6 %

Vermilion Energy stock opened at C$13.97 on Friday. Vermilion Energy has a 12-month low of C$11.87 and a 12-month high of C$21.30. The stock has a market capitalization of C$2.18 billion, a PE ratio of -2.73, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. The firm has a 50 day simple moving average of C$13.44 and a 200-day simple moving average of C$15.12. 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 issued its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The firm had revenue of C$478.93 million for the quarter, compared to the consensus estimate of C$514.63 million. As a group, equities research analysts expect that Vermilion Energy will post 1.3855165 EPS for the current fiscal year.

Insider Buying and Selling

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price of C$13.54 per share, for a total transaction of C$67,700.00. Company insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

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.