Vermilion Energy (TSE:VET) Given New C$16.00 Price Target at Desjardins

Key Points

• Desjardins raised its price target on Vermilion Energy to C$16.00 (from C$13.50) while keeping a "hold" rating, implying roughly a 1.9% upside from the recent share price of C$15.70.
• Analyst consensus remains cautious: one analyst has a Buy and six have Holds, producing an average target of C$14.94, though National Bank Financial is more bullish with an C$18.50 "outperform" target.
• Shares and insider activity: Vermilion traded up 2.1% to C$15.70 on near‑average volume, and a director purchased 5,000 shares in December, bringing his stake to 50,000 shares; insiders own 0.16% of the company.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its price objective upped by Desjardins from C$13.50 to C$16.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. Desjardins' target price would indicate a potential upside of 1.91% from the company's current price.

A number of other equities research analysts also recently weighed in on the company. ATB Cormark Capital Markets raised their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 11th. BMO Capital Markets increased their price objective on Vermilion Energy from C$12.00 to C$13.00 and gave the stock a "market perform" rating in a report on Thursday, December 11th. Scotiabank raised their price objective on shares of Vermilion Energy from C$14.00 to C$15.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 20th. National Bank Financial lifted their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the company an "outperform" rating in a research note on Tuesday, February 3rd. Finally, TD Securities downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating and boosted their target price for the stock from C$14.00 to C$16.00 in a research report on Thursday. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$14.94.

Vermilion Energy Stock Up 2.1%

Shares of Vermilion Energy stock traded up C$0.32 on Monday, hitting C$15.70. 1,314,979 shares of the company traded hands, compared to its average volume of 1,315,388. Vermilion Energy has a 12-month low of C$7.29 and a 12-month high of C$16.39. The company has a quick ratio of 0.40, a current ratio of 0.84 and a debt-to-equity ratio of 58.60. The company has a market cap of C$2.41 billion, a PE ratio of -10.33, a PEG ratio of -0.02 and a beta of 1.12. The company has a 50-day moving average price of C$13.18 and a 200 day moving average price of C$11.92.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business's stock in a transaction dated Monday, December 15th. The stock was acquired at an average price of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the transaction, the director owned 50,000 shares of the company's stock, valued at approximately C$578,000. This represents a 11.11% increase in their ownership of the stock. Corporate insiders own 0.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.