National Bank Financial Forecasts Strong Price Appreciation for Vermilion Energy (TSE:VET) Stock

Key Points

• National Bank Financial raised Vermilion Energy’s price target from C$27.00 to C$28.00 and maintained an “outperform” rating, implying 48.46% upside from the stock’s current price.
• Analyst sentiment is generally positive, with Vermilion receiving a “Moderate Buy” consensus rating and an average target price of C$19.88, though several analysts maintain “hold” or “market perform” ratings.
• Shares fell 1.6% to C$18.86 in Tuesday trading. Vermilion reported C$0.86 in quarterly EPS on C$563.07 million in revenue, but posted negative net margins and return on equity.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its target price boosted by equities researchers at National Bank Financial from C$27.00 to C$28.00 in a note issued to investors on Tuesday, BayStreet reports. The firm currently has an "outperform" rating on the stock. National Bank Financial's price target would indicate a potential upside of 48.46% from the company's current price.

Other research analysts have also issued research reports about the stock. Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the company a "hold" rating in a report on Friday, July 17th. BMO Capital Markets lifted their target price on shares of Vermilion Energy from C$15.00 to C$17.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. TD boosted their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, TD Securities raised shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$19.88.

Vermilion Energy Trading Down 1.6%

Vermilion Energy stock traded down C$0.31 during trading hours on Tuesday, hitting C$18.86. The stock had a trading volume of 1,025,104 shares, compared to its average volume of 1,205,976. The company has a quick ratio of 0.40, a current ratio of 1.00 and a debt-to-equity ratio of 62.68. The stock has a market cap of C$2.88 billion, a price-to-earnings ratio of -6.50, a P/E/G ratio of -0.02 and a beta of 0.38. Vermilion Energy has a one year low of C$10.07 and a one year high of C$20.31. The business's 50 day simple moving average is C$17.25 and its 200-day simple moving average is C$16.29.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.86 EPS for the quarter. The firm had revenue of C$563.07 million for the quarter. Vermilion Energy had a negative return on equity of 19.54% and a negative net margin of 24.01%. On average, equities analysts predict that Vermilion Energy will post 1.40 EPS for the current fiscal year.

About Vermilion Energy

Vermilion is a global gas producer that seeks to create value through the acquisition, exploration and development of liquids-rich natural gas in Canada and conventional natural gas in Europe while optimizing low-decline oil assets. Our repositioned portfolio is focused on per share value creation, with long-life assets that deliver top decile realized gas prices and enhanced capital allocation optionality. Vermilion's priorities are health and safety, the environment, and profitability, in that order.

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