Vermilion Energy (TSE:VET) (NYSE:VET) had its target price raised by Canaccord Genuity from C$56.00 to C$57.00 in a research report sent to investors on Friday.
VET has been the subject of several other research reports. CIBC upped their price target on shares of Vermilion Energy from C$52.00 to C$55.00 in a research report on Tuesday, January 23rd. Barclays upped their price target on shares of Vermilion Energy from C$51.00 to C$59.00 in a research report on Wednesday, January 17th. National Bank Financial upped their price target on shares of Vermilion Energy from C$48.00 to C$54.00 and gave the company an outperform rating in a research report on Tuesday, January 9th. CSFB upped their price target on shares of Vermilion Energy from C$47.00 to C$50.00 in a research report on Friday, April 13th. Finally, JPMorgan Chase reduced their price target on shares of Vermilion Energy from C$50.00 to C$49.00 in a research report on Thursday, April 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Vermilion Energy presently has a consensus rating of Buy and an average target price of C$53.20.
Shares of TSE:VET opened at C$45.90 on Friday. Vermilion Energy has a 1-year low of C$38.33 and a 1-year high of C$50.46.
Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Thursday, March 1st. The company reported C$0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.25 by C($0.16). The business had revenue of C$317.34 million for the quarter, compared to the consensus estimate of C$309.15 million. Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%.
In related news, insider Curtis W. Hicks sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of C$40.82, for a total value of C$816,400.00. Also, insider Terrance Gerald Hergott sold 2,500 shares of the stock in a transaction that occurred 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. In the last 90 days, insiders sold 434,500 shares of company stock valued at $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.
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