Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lowered by Royal Bank of Canada from C$53.00 to C$52.00 in a report released on Friday.
Other equities research analysts have also issued research reports about the stock. CSFB increased their price objective on shares of Vermilion Energy from C$47.00 to C$50.00 in a research note on Friday, April 13th. 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. CIBC raised 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 raised their price target on shares of Vermilion Energy from C$51.00 to C$59.00 in a research note on Wednesday, January 17th. Finally, Canaccord Genuity raised their price target on shares of Vermilion Energy from C$56.00 to C$57.00 in a research note on Friday, April 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$53.00.
VET traded down C$1.24 on Friday, hitting C$43.50. 569,500 shares of the company’s stock were exchanged, compared to its average volume of 502,925. 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 released its quarterly earnings data on Thursday, April 26th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.27 by C($0.07). The business had revenue of C$318.27 million for the quarter, compared to analyst estimates of C$291.61 million. Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%.
In other news, insider Curtis W. Hicks sold 20,000 shares of the 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 shares were sold at an average price of C$40.00, for a total transaction of C$100,000.00. Insiders sold 434,500 shares of company stock worth $17,906,400 in the last 90 days.
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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