Scotiabank Boosts Vermilion Energy (TSE:VET) Price Target to C$14.00

Key Points

• Scotiabank has increased its price target for Vermilion Energy from C$13.00 to C$14.00, indicating a potential upside of 22.70% from the stock's previous close.
• BMO Capital Markets also raised their price target for Vermilion Energy from C$10.50 to C$12.00, while the overall consensus price target remains at C$14.60.
• Despite these upgrades, Vermilion Energy shares are down 2.3%, trading at C$11.41, with a market cap of C$1.76 billion and a negative price-to-earnings ratio of -9.35.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its price target hoisted by analysts at Scotiabank from C$13.00 to C$14.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's price target suggests a potential upside of 22.70% from the stock's previous close.

Separately, BMO Capital Markets lifted their price objective on Vermilion Energy from C$10.50 to C$12.00 and gave the company a "market perform" rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$14.60.

Vermilion Energy Stock Down 2.3%

Shares of TSE VET traded down C$0.27 during mid-day trading on Thursday, hitting C$11.41. 1,117,672 shares of the stock traded hands, compared to its average volume of 797,496. The stock has a fifty day moving average price of C$10.67 and a 200-day moving average price of C$10.17. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of -9.35, a PEG ratio of -0.02 and a beta of 0.62. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$15.17. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

About Vermilion Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.