BMO Capital Markets Lowers Vermilion Energy (VET) to Market Perform

BMO Capital Markets lowered shares of Vermilion Energy (TSE:VET) (NYSE:VET) from an outperform rating to a market perform rating in a report released on Tuesday morning. BMO Capital Markets currently has C$47.00 target price on the stock, down from their previous target price of C$50.00.

VET has been the topic of several other research reports. CSFB lifted their target price on Vermilion Energy from C$47.00 to C$50.00 in a research report on Friday, April 13th. National Bank Financial cut their target price on Vermilion Energy from C$54.00 to C$52.00 and set an outperform rating on the stock in a research report on Friday, March 2nd. Barclays lifted their target price on Vermilion Energy from C$51.00 to C$59.00 in a research report on Wednesday, January 17th. JPMorgan Chase cut their target price on Vermilion Energy from C$50.00 to C$49.00 in a research report on Thursday, April 12th. Finally, CIBC lifted their target price on Vermilion Energy from C$52.00 to C$55.00 in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of C$52.78.

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Shares of Vermilion Energy stock opened at C$43.36 on Tuesday. Vermilion Energy has a 52 week low of C$38.33 and a 52 week high of C$50.46.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Thursday, March 1st. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.16). The company had revenue of C$317.34 million for the quarter, compared to analysts’ expectations of C$309.15 million. Vermilion Energy had a net margin of 2.94% and a return on equity of 2.23%.

In related news, insider Terrance Gerald Hergott sold 2,500 shares of Vermilion Energy stock in a transaction on Thursday, March 15th. The stock was 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 Vermilion Energy stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of C$40.82, for a total value of C$816,400.00. In the last ninety days, insiders have sold 434,500 shares of company stock worth $17,906,400.

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About Vermilion Energy

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.

Analyst Recommendations for Vermilion Energy (TSE:VET)

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