Vermilion Energy (TSE:VET) Lowered to "Hold" Rating by Desjardins

Key Points

• Vermilion Energy was downgraded by Desjardins from a "moderate buy" rating to a "hold" rating, reflecting a shift in analyst sentiment.
• Scotiabank and BMO Capital Markets recently increased their target prices for Vermilion Energy shares, with Scotiabank setting it at C$14.00 and BMO at C$12.00.
• The stock currently holds an average rating of "Hold" among analysts, with a target price average of C$14.60.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET was downgraded by equities researchers at Desjardins from a "moderate buy" rating to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms also recently commented on VET. Scotiabank increased 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 report on Thursday, October 9th. BMO Capital Markets increased their target price on shares of Vermilion Energy from C$10.50 to C$12.00 and gave the stock a "market perform" rating in a research report on Friday, August 8th. Three equities 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 stock presently has an average rating of "Hold" and an average target price of C$14.60.

Vermilion Energy Trading Down 1.0%

Vermilion Energy stock opened at C$10.12 on Thursday. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The company has a market capitalization of C$1.56 billion, a price-to-earnings ratio of -8.30, a PEG ratio of -0.02 and a beta of 0.62. Vermilion Energy has a one year low of C$7.29 and a one year high of C$15.17. The company's fifty day moving average price is C$10.63 and its two-hundred day moving average price is 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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