Vermilion Energy (NYSE:VET) Price Target Increased to C$23.00 by Analysts at TD Securities

Vermilion Energy (NYSE:VET) (TSE:VET) had its price target lifted by TD Securities from C$22.00 to C$23.00 in a research note released on Wednesday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. Raymond James lifted their target price on Vermilion Energy from C$18.00 to C$20.00 and gave the stock an outperform rating in a report on Tuesday, November 30th. Desjardins lifted their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company a buy rating in a report on Wednesday, December 1st. Scotiabank lifted their price target on Vermilion Energy from C$15.00 to C$16.00 and gave the company a sector perform rating in a report on Wednesday, December 1st. CIBC lifted their price target on Vermilion Energy from C$12.50 to C$15.00 and gave the company a neutral rating in a report on Friday, October 15th. Finally, Royal Bank of Canada lifted their price target on Vermilion Energy from C$14.50 to C$16.50 and gave the company a sector perform rating in a report on Wednesday, December 1st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Vermilion Energy presently has an average rating of Buy and a consensus target price of $18.35.

Shares of NYSE VET opened at $15.84 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 4.32 and a beta of 2.88. The stock’s fifty day simple moving average is $11.54 and its 200 day simple moving average is $9.36. Vermilion Energy has a 52-week low of $4.34 and a 52-week high of $15.93.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Tuesday, November 9th. The oil and gas company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.28. The business had revenue of $427.72 million for the quarter, compared to analysts’ expectations of $404.19 million. Vermilion Energy had a return on equity of 0.98% and a net margin of 46.50%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. acquired a new stake in Vermilion Energy during the fourth quarter valued at $1,126,000. Penbrook Management LLC boosted its position in Vermilion Energy by 19.8% during the fourth quarter. Penbrook Management LLC now owns 86,950 shares of the oil and gas company’s stock valued at $1,095,000 after purchasing an additional 14,400 shares during the last quarter. Silverleafe Capital Partners LLC boosted its position in Vermilion Energy by 15.5% during the fourth quarter. Silverleafe Capital Partners LLC now owns 296,578 shares of the oil and gas company’s stock valued at $3,734,000 after purchasing an additional 39,867 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Vermilion Energy in the third quarter worth about $678,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Vermilion Energy in the third quarter worth about $148,000. 21.89% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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