National Bankshares Lowers Vermilion Energy (TSE:VET) Price Target to C$15.00

Key Points

• National Bankshares has reduced the price target for Vermilion Energy from C$17.00 to C$15.00, maintaining an "outperform" rating, which forecasts a potential upside of 47.93% from the stock's previous close.
• Other brokerage actions included BMO Capital Markets raising their price target to C$12.00, while Desjardins downgraded the stock to a "hold" rating.
• Vermilion Energy's stock recently traded at C$10.14, with a market capitalization of C$1.57 billion and a 1-year trading range between C$7.29 and C$15.17.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its price target dropped by equities researchers at National Bankshares from C$17.00 to C$15.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 47.93% from the stock's previous close.

VET has been the topic of a number of other reports. BMO Capital Markets boosted their price target on shares of Vermilion Energy from C$10.50 to C$12.00 and gave the company a "market perform" rating in a research report on Friday, August 8th. Desjardins downgraded shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Thursday, October 16th. Finally, Scotiabank boosted their target price on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Vermilion Energy has a consensus rating of "Hold" and a consensus target price of C$13.67.

Vermilion Energy Price Performance

TSE:VET traded up C$0.01 on Wednesday, reaching C$10.14. The stock had a trading volume of 382,852 shares, compared to its average volume of 801,805. The company has a market capitalization of C$1.57 billion, a P/E ratio of -8.31, a price-to-earnings-growth ratio of -0.02 and a beta of 0.62. Vermilion Energy has a 1-year low of C$7.29 and a 1-year high of C$15.17. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The stock has a fifty day moving average price of C$10.63 and a 200-day moving average price of C$10.11.

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.

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