Vermilion Energy (TSE:VET) Given New C$24.00 Price Target at Royal Bank Of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price raised by equities researchers at Royal Bank Of Canada from C$22.00 to C$24.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 32.45% from the stock’s previous close.

Several other analysts have also weighed in on the company. TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating and upped their target price for the company from C$14.00 to C$16.00 in a report on Thursday, March 5th. Scotiabank upped their target price on Vermilion Energy from C$14.00 to C$15.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial lowered their target price on Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Desjardins upped their target price on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a report on Monday, March 9th. Finally, ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$16.00 to C$24.00 in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of “Hold” and an average target price of C$19.29.

Vermilion Energy Price Performance

Vermilion Energy stock traded up C$0.50 during trading hours on Tuesday, hitting C$18.12. The stock had a trading volume of 1,257,656 shares, compared to its average volume of 1,358,587. The company has a debt-to-equity ratio of 63.73, a current ratio of 0.63 and a quick ratio of 0.40. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of -3.42, a PEG ratio of -0.02 and a beta of 0.53. Vermilion Energy has a 1-year low of C$8.63 and a 1-year high of C$20.31. The stock’s fifty day moving average is C$17.41 and its two-hundred day moving average is C$14.25.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. The firm had revenue of C$519.13 million during the quarter. Vermilion Energy had a negative net margin of 44.92% and a negative return on equity of 33.68%. As a group, analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Buying and Selling at Vermilion Energy

In related news, insider Yvonne Jeffery sold 6,332 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of C$19.51, for a total transaction of C$123,537.32. Following the transaction, the insider directly owned 30,527 shares in the company, valued at approximately C$595,581.77. This represents a 17.18% decrease in their ownership of the stock. Also, insider Gerard Schut sold 10,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total value of C$190,000.00. Following the transaction, the insider owned 94,268 shares in the company, valued at C$1,791,092. This trade represents a 9.59% decrease in their ownership of the stock. 0.16% of the stock is owned by corporate insiders.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.