Vermilion Energy (TSE:VET) (NYSE:VET) had its target price decreased by stock analysts at TD Securities from C$31.00 to C$26.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 10.36% from the company’s current price.
Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada dropped their price objective on Vermilion Energy from C$33.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Tuesday. CIBC dropped their price objective on Vermilion Energy from C$35.00 to C$32.50 in a research note on Tuesday. Eight Capital dropped their price objective on Vermilion Energy from C$42.00 to C$39.50 in a research note on Tuesday. Canaccord Genuity dropped their price objective on Vermilion Energy from C$45.00 to C$40.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, BMO Capital Markets dropped their price objective on Vermilion Energy from C$35.00 to C$30.00 in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Vermilion Energy has an average rating of “Buy” and an average price target of C$35.67.
TSE:VET traded up C$0.74 during trading hours on Wednesday, hitting C$23.56. 1,318,773 shares of the company traded hands, compared to its average volume of 1,037,103. The company has a debt-to-equity ratio of 72.05, a quick ratio of 0.56 and a current ratio of 0.71. The business’s 50-day simple moving average is C$27.32. Vermilion Energy has a one year low of C$21.97 and a one year high of C$44.88. The firm has a market cap of $3.76 billion and a P/E ratio of 12.27.
In related news, Senior Officer Mona Jean Jasinski sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$27.06, for a total value 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. Also, Senior Officer Robert John Engbloom sold 3,984 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$31.30, for a total value of C$124,699.20. Following the completion of the sale, the insider now owns 34,696 shares of the company’s stock, valued at approximately C$1,085,984.80. Insiders have sold a total of 20,699 shares of company stock valued at $584,089 in the last ninety days.
Vermilion Energy Company Profile
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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