Vermilion Energy (TSE:VET) Given New C$22.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Vermilion Energy to C$22.00 (from C$15.00) while maintaining a "sector perform" rating, implying roughly a 25.5% upside from the current share price.
• Analyst views are mixed: the consensus rating is still a "Hold" with an average target of C$16.61, though ATB Cormark upgraded to "moderate buy" (C$24 target) and several firms have nudged up their targets.
• Shares traded at C$17.53 (market cap ~C$2.68B) and insiders have recently sold stock, reducing holdings to about 0.16% of the company.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its target price increased by Royal Bank Of Canada from C$15.00 to C$22.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 25.50% from the stock's current price.

Several other equities analysts have also recently weighed in on VET. ATB Cormark Capital Markets upgraded Vermilion Energy from a "hold" rating to a "moderate buy" rating and raised their price target for the company from C$16.00 to C$24.00 in a report on Friday, March 27th. Scotiabank raised their price target on Vermilion Energy from C$14.00 to C$15.00 and gave the company a "sector perform" rating in a report on Tuesday, January 20th. BMO Capital Markets raised their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the company a "market perform" rating in a report on Thursday, December 11th. TD Securities cut Vermilion Energy from a "buy" rating to a "hold" rating and raised their price target for the company from C$14.00 to C$16.00 in a report on Thursday, March 5th. Finally, National Bank Financial raised their price target on Vermilion Energy from C$14.50 to C$18.50 and gave the company an "outperform" rating in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of C$16.61.

Vermilion Energy Price Performance

Shares of TSE VET traded down C$1.95 during mid-day trading on Wednesday, reaching C$17.53. The company's stock had a trading volume of 861,208 shares, compared to its average volume of 1,419,406. The firm has a market capitalization of C$2.68 billion, a PE ratio of -4.12, a P/E/G ratio of -0.02 and a beta of 0.30. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.84 and a quick ratio of 0.40. The stock has a fifty day moving average of C$15.80 and a two-hundred day moving average of C$13.07. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$20.31.

Insider Buying and Selling at Vermilion Energy

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

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