Vermilion Energy (TSE:VET) PT Lowered to C$5.00

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Vermilion Energy (TSE:VET) (NYSE:VET) had its price target cut by research analysts at Raymond James from C$6.50 to C$5.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ target price points to a potential upside of 21.36% from the company’s current price.

Several other brokerages have also recently issued reports on VET. National Bank Financial decreased their price objective on Vermilion Energy from C$4.75 to C$3.25 and set an “underperform” rating for the company in a report on Tuesday, March 17th. Canaccord Genuity cut Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$35.00 to C$10.00 in a report on Tuesday, March 10th. Scotiabank boosted their price objective on Vermilion Energy from C$27.00 to C$28.00 in a report on Tuesday, January 14th. TD Securities decreased their price objective on Vermilion Energy from C$20.00 to C$5.00 and set a “hold” rating for the company in a report on Sunday, March 15th. Finally, Royal Bank of Canada decreased their price objective on Vermilion Energy from C$18.00 to C$6.50 in a report on Monday, March 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Vermilion Energy currently has a consensus rating of “Hold” and a consensus price target of C$19.48.

Shares of VET stock opened at C$4.12 on Wednesday. The stock has a market cap of $522.46 million and a PE ratio of 19.62. The business has a 50-day simple moving average of C$12.04 and a 200-day simple moving average of C$18.35. The company has a quick ratio of 0.58, a current ratio of 0.84 and a debt-to-equity ratio of 83.21. Vermilion Energy has a 52-week low of C$2.20 and a 52-week high of C$36.83.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Friday, March 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.13 by C$0.05. The company had revenue of C$388.80 million during the quarter, compared to analyst estimates of C$390.05 million. Sell-side analysts anticipate that Vermilion Energy will post -0.03 earnings per share for the current fiscal year.

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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Analyst Recommendations for Vermilion Energy (TSE:VET)

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