Canaccord Genuity Group Trims Vermilion Energy (TSE:VET) Target Price to C$19.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price dropped by Canaccord Genuity Group from C$20.00 to C$19.00 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 41.05% from the stock’s previous close.

A number of other brokerages have also issued reports on VET. Desjardins decreased their target price on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Royal Bank of Canada decreased their target price on shares of Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. National Bankshares reduced their price target on shares of Vermilion Energy from C$23.00 to C$17.00 in a research report on Friday, September 27th. JPMorgan Chase & Co. reduced their price target on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Finally, TD Securities reduced their price target on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$19.36.

Vermilion Energy Stock Performance

VET traded up C$0.04 on Tuesday, reaching C$13.47. The company had a trading volume of 270,110 shares, compared to its average volume of 773,358. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$20.75. The stock has a market cap of C$2.10 billion, a P/E ratio of -2.64, a P/E/G ratio of -0.02 and a beta of 2.60. The company’s fifty day moving average is C$13.43 and its 200 day moving average is C$14.91. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The business had revenue of C$478.93 million for the quarter, compared to analyst estimates of C$514.63 million. As a group, analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Activity

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of C$13.54 per share, with a total value of C$67,700.00. Insiders own 0.16% of the company’s stock.

About Vermilion Energy

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.