National Bank Financial Has Lowered Expectations for Vermilion Energy (TSE:VET) Stock Price

Key Points

• National Bank Financial lowered its price target on Vermilion Energy from C$30.00 to C$27.00 while maintaining an outperform rating, with the C$27 target implying roughly 67% upside from the recent close (~C$16.16).
• Analyst coverage is mixed: the consensus rating is "Hold" with a consensus price target of C$19.00, and recent broker actions include upgrades, downgrades and target changes from RBC, TD, Scotiabank, ATB Cormark and Desjardins.
• Recent fundamentals show VET trading at C$16.16, reporting quarterly EPS of C($0.95) with negative ROE and net margin, a debt-to-equity ratio of ~58.6, market cap C$2.47B and a 52-week range of C$8.17–C$20.31.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its price objective lowered by National Bank Financial from C$30.00 to C$27.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's target price points to a potential upside of 67.08% from the company's previous close.

A number of other equities analysts have also recently weighed in on VET. Royal Bank Of Canada upped their price target on Vermilion Energy from C$15.00 to C$22.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 8th. TD Securities lowered shares of 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 research note on Thursday, March 5th. Scotiabank boosted their target price on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 20th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from C$16.00 to C$24.00 in a research report on Friday, March 27th. Finally, Desjardins raised their target price on Vermilion Energy from C$13.50 to C$16.00 and gave the company a "hold" rating in a research report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$19.00.

Vermilion Energy Price Performance

TSE VET remained flat at C$16.16 during mid-day trading on Thursday. 1,287,614 shares of the company traded hands, compared to its average volume of 1,371,042. The company has a quick ratio of 0.40, a current ratio of 0.84 and a debt-to-equity ratio of 58.60. Vermilion Energy has a 52-week low of C$8.17 and a 52-week high of C$20.31. The company has a 50-day moving average price of C$17.10 and a two-hundred day moving average price of C$13.88. The stock has a market cap of C$2.47 billion, a price-to-earnings ratio of -3.80, a P/E/G ratio of -0.02 and a beta of 0.53.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last announced its quarterly earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share for the quarter. Vermilion Energy had a negative return on equity of 24.89% and a negative net margin of 34.23%.The business had revenue of C$519.13 million for the quarter. On average, equities analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Insider Transactions at Vermilion Energy

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

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