Canaccord Genuity Group Trims Vermilion Energy (TSE:VET) Target Price to C$20.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective cut by Canaccord Genuity Group from C$20.50 to C$20.00 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 45.03% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada lifted their price objective on Vermilion Energy from C$20.00 to C$21.00 in a research report on Tuesday, April 9th. Desjardins lifted their price objective on Vermilion Energy from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. BMO Capital Markets lowered their price objective on Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. National Bankshares boosted their price target on Vermilion Energy from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Finally, Stifel Nicolaus boosted their price target on Vermilion Energy from C$20.25 to C$22.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$21.58.

Vermilion Energy Trading Down 7.1 %

Vermilion Energy stock traded down C$1.06 during trading hours on Thursday, reaching C$13.79. The company had a trading volume of 1,334,858 shares, compared to its average volume of 761,113. The company has a debt-to-equity ratio of 32.96, a current ratio of 1.15 and a quick ratio of 0.40. The company has a 50-day moving average price of C$15.40 and a 200 day moving average price of C$15.55. The firm has a market cap of C$2.21 billion, a price-to-earnings ratio of -3.65, a P/E/G ratio of -0.02 and a beta of 2.73. Vermilion Energy has a 12-month low of C$13.30 and a 12-month high of C$21.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$1.08 by C($1.07). The company had revenue of C$508.04 million during the quarter. Vermilion Energy had a negative return on equity of 18.21% and a negative net margin of 34.11%. Equities analysts forecast that Vermilion Energy will post 1.6180556 earnings per share for the current year.

Insiders Place Their Bets

In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of C$16.45 per share, for a total transaction of C$82,245.00. In related news, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$16.37, for a total transaction of C$491,100.00. Also, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of C$16.45 per share, with a total value of C$82,245.00. Company insiders own 0.15% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.