National Bank Financial Cuts Vermilion Energy (TSE:VET) Price Target to C$27.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by analysts at National Bank Financial from C$30.00 to C$27.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 67.08% from the company’s current price.

A number of other brokerages have also recently issued reports on VET. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$16.00 to C$24.00 in a report on Friday, March 27th. Scotiabank boosted their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Desjardins increased their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a report on Monday, March 9th. Royal Bank Of Canada raised their price objective on Vermilion Energy from C$15.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 8th. Finally, TD Securities cut Vermilion Energy from a “buy” rating to a “hold” rating and upped their target price for the stock from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$19.00.

Vermilion Energy Price Performance

Shares of VET stock remained flat at C$16.16 during trading hours on Thursday. 1,287,614 shares of the stock were exchanged, compared to its average volume of 1,371,042. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.84 and a quick ratio of 0.40. The firm has a market capitalization of C$2.47 billion, a price-to-earnings ratio of -3.80, a PEG ratio of -0.02 and a beta of 0.53. Vermilion Energy has a twelve month low of C$8.17 and a twelve month high of C$20.31. The firm has a fifty day moving average of C$17.10 and a two-hundred day moving average of C$13.88.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. The firm had revenue of C$519.13 million for the quarter. Vermilion Energy had a negative return on equity of 24.89% and a negative net margin of 34.23%. Research analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Yvonne Jeffery sold 6,332 shares of Vermilion Energy stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the sale, the insider directly owned 30,527 shares of the company’s stock, valued at C$595,581.77. This trade represents a 17.18% decrease in their ownership of the stock. Also, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the transaction, the insider directly owned 94,268 shares of the company’s stock, valued at approximately C$1,791,092. This trade represents a 9.59% decrease in their position. 0.16% of the stock is owned by corporate insiders.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.