TD Securities Boosts Vermilion Energy (NYSE:VET) Price Target to C$23.00

Vermilion Energy (NYSE:VET) (TSE:VET) had its price objective lifted by TD Securities from C$22.00 to C$23.00 in a research report released on Wednesday morning, The Fly reports.

VET has been the topic of several other reports. CIBC increased their target price on Vermilion Energy from C$12.50 to C$15.00 and gave the stock a neutral rating in a research report on Friday, October 15th. Raymond James increased their target price on Vermilion Energy from C$18.00 to C$20.00 and gave the stock an outperform rating in a research report on Tuesday, November 30th. Royal Bank of Canada increased their target price on Vermilion Energy from C$14.50 to C$16.50 and gave the stock a sector perform rating in a research report on Wednesday, December 1st. Desjardins raised their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the stock a buy rating in a report on Wednesday, December 1st. Finally, National Bank Financial upgraded Vermilion Energy from a sector perform overweight rating to an outperform overweight rating in a report on Monday, November 29th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Vermilion Energy currently has a consensus rating of Buy and an average target price of $18.35.

Shares of NYSE:VET opened at $15.84 on Wednesday. The stock’s fifty day simple moving average is $11.54 and its 200-day simple moving average is $9.36. Vermilion Energy has a 52-week low of $4.34 and a 52-week high of $15.93. The company has a market capitalization of $2.57 billion, a P/E ratio of 4.32 and a beta of 2.88. The company has a quick ratio of 0.49, a current ratio of 0.51 and a debt-to-equity ratio of 1.05.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Tuesday, November 9th. The oil and gas company reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.28. Vermilion Energy had a return on equity of 0.98% and a net margin of 46.50%. The firm had revenue of $427.72 million for the quarter, compared to the consensus estimate of $404.19 million.

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC acquired a new stake in shares of Vermilion Energy in the second quarter valued at about $94,000. Advisor Group Holdings Inc. grew its stake in shares of Vermilion Energy by 21.6% in the third quarter. Advisor Group Holdings Inc. now owns 12,011 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 2,132 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Vermilion Energy in the second quarter valued at about $108,000. Squarepoint Ops LLC acquired a new stake in shares of Vermilion Energy in the third quarter valued at about $148,000. Finally, Banque Cantonale Vaudoise grew its stake in shares of Vermilion Energy by 9.2% in the third quarter. Banque Cantonale Vaudoise now owns 17,351 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 21.89% of the company’s stock.

About Vermilion Energy

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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