Vermilion Energy (TSE:VET) Given New C$24.00 Price Target at Royal Bank Of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective raised by Royal Bank Of Canada from C$22.00 to C$24.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 32.45% from the company’s current price.

A number of other equities analysts also recently commented on the company. Scotiabank raised their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. TD Securities downgraded Vermilion Energy from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$14.00 to C$16.00 in a report on Thursday, March 5th. Desjardins raised their price objective on Vermilion Energy from C$13.50 to C$16.00 and gave the stock a “hold” rating in a report on Monday, March 9th. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$16.00 to C$24.00 in a report on Friday, March 27th. Finally, National Bank Financial cut their price objective on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and an average target price of C$19.29.

Vermilion Energy Trading Up 2.8%

TSE VET traded up C$0.50 during trading hours on Tuesday, hitting C$18.12. 1,257,656 shares of the company’s stock were exchanged, compared to its average volume of 1,358,587. The business’s 50 day moving average is C$17.41 and its 200-day moving average is C$14.25. Vermilion Energy has a 12-month low of C$8.63 and a 12-month high of C$20.31. The firm has a market capitalization of C$2.78 billion, a P/E ratio of -3.42, a price-to-earnings-growth ratio of -0.02 and a beta of 0.53. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%.The business had revenue of C$519.13 million for the quarter. As a group, analysts anticipate that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Insider Activity

In other news, insider Yvonne Jeffery sold 6,332 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 30,527 shares in the company, valued at approximately C$595,581.77. This represents a 17.18% decrease in their position. Also, insider Gerard Schut sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total transaction of C$190,000.00. Following the sale, the insider directly owned 94,268 shares of the company’s stock, valued at C$1,791,092. The trade was a 9.59% decrease in their position. Company insiders own 0.16% of the company’s stock.

Vermilion Energy Company Profile

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.