Vermilion Energy (TSE:VET) (NYSE:VET) had its target price decreased by investment analysts at CIBC from C$35.00 to C$32.50 in a research report issued on Tuesday, BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 41.80% from the company’s previous close.
Several other research firms have also recently weighed in on VET. GMP Securities reaffirmed a “buy” rating and issued a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th. CSFB reaffirmed a “neutral” rating and set a C$32.00 target price on shares of Vermilion Energy in a research note on Tuesday, July 16th. Raymond James set a $33.00 price target on shares of LKQ and gave the company a “buy” rating in a research report on Friday, April 26th. TD Securities raised their target price on shares of Waste Connections from $88.00 to $94.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Finally, Eight Capital dropped their price target on shares of Vermilion Energy from C$42.00 to C$39.50 in a research note on Tuesday. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$36.75.
Shares of TSE VET traded up C$0.64 during midday trading on Tuesday, reaching C$22.92. The company’s stock had a trading volume of 1,638,455 shares, compared to its average volume of 1,028,788. Vermilion Energy has a 12-month low of C$21.97 and a 12-month high of C$44.88. The firm has a 50 day moving average price of C$27.43. The firm has a market cap of $3.76 billion and a PE ratio of 11.96. The company has a debt-to-equity ratio of 72.05, a current ratio of 0.71 and a quick ratio of 0.56.
In other news, Senior Officer Robert John Engbloom sold 3,984 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$31.30, for a total value of C$124,699.20. Following the sale, the insider now owns 34,696 shares in the company, valued at C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 10,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$27.06, for a total transaction of C$270,564.00. Following the completion of the sale, the insider now owns 40,817 shares in the company, valued at approximately C$1,104,361.08. Insiders have sold a total of 20,699 shares of company stock worth $584,089 in the last 90 days.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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