Vermilion Energy (TSE:VET) (NYSE:VET) had its target price hoisted by research analysts at National Bank Financial from C$52.00 to C$53.00 in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 22.12% from the company’s current price.
A number of other brokerages have also issued reports on VET. CIBC lifted their price target on shares of Vermilion Energy from C$52.00 to C$55.00 in a research note on Tuesday, January 23rd. Barclays lifted their price target on shares of Vermilion Energy from C$51.00 to C$59.00 in a research note on Wednesday, January 17th. CSFB lifted their price target on shares of Vermilion Energy from C$47.00 to C$50.00 in a research note on Friday. JPMorgan Chase dropped their price target on shares of Vermilion Energy from C$50.00 to C$49.00 in a research note on Thursday, April 12th. Finally, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$50.00 to C$47.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Vermilion Energy currently has a consensus rating of “Buy” and an average price target of C$52.78.
Shares of TSE VET traded up C$0.65 during trading on Tuesday, reaching C$43.40. 1,101,710 shares of the stock were exchanged, compared to its average volume of 474,561. Vermilion Energy has a twelve month low of C$38.33 and a twelve month high of C$50.46.
Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Thursday, March 1st. The company reported C$0.09 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.16). Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%. The firm had revenue of C$317.34 million for the quarter, compared to analyst estimates of C$309.15 million.
In other Vermilion Energy news, insider Terrance Gerald Hergott sold 2,500 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of C$40.00, for a total transaction of C$100,000.00. Also, insider Curtis W. Hicks sold 20,000 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of C$40.82, for a total transaction of C$816,400.00. In the last 90 days, insiders sold 434,500 shares of company stock valued at $17,906,400.
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Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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