Vermilion Energy (TSE:VET) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Key Points

• Royal Bank of Canada lifted its price target on Vermilion to C$15 (from C$14) but kept a "sector perform" rating, with the new target implying about a 3.85% downside from the prior close.
• Multiple brokers have recently raised targets (ranging up to C$18.50), yet the stock's consensus remains "Hold" with a consensus target of C$14.61 (one Buy, six Holds).
• Vermilion shares traded at C$15.60 (market cap ~C$2.39B) and show a negative PE (-10.26); a director bought 5,000 shares in December, slightly increasing insider ownership.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET had its price target lifted by research analysts at Royal Bank Of Canada from C$14.00 to C$15.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price objective would indicate a potential downside of 3.85% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Desjardins boosted their price objective on shares of Vermilion Energy from C$12.50 to C$13.00 and gave the stock a "hold" rating in a research note on Monday, November 24th. ATB Cormark Capital Markets upped their price target on Vermilion Energy from C$14.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Thursday, December 11th. BMO Capital Markets increased their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the company a "market perform" rating in a research note on Thursday, December 11th. National Bank Financial lifted their price objective on Vermilion Energy from C$14.50 to C$18.50 and gave the stock an "outperform" rating in a research note on Tuesday, February 3rd. Finally, TD Securities cut Vermilion Energy from a "buy" rating to a "hold" rating and upped their target price for the company from C$14.00 to C$16.00 in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$14.61.

Vermilion Energy Price Performance

Shares of TSE VET traded down C$0.16 during mid-day trading on Thursday, hitting C$15.60. 1,757,360 shares of the stock traded hands, compared to its average volume of 1,300,339. The company has a market cap of C$2.39 billion, a PE ratio of -10.26, a price-to-earnings-growth ratio of -0.02 and a beta of 1.24. Vermilion Energy has a twelve month low of C$7.29 and a twelve month high of C$16.39. The company has a debt-to-equity ratio of 48.94, a current ratio of 0.81 and a quick ratio of 0.40. The firm has a 50 day simple moving average of C$13.01 and a two-hundred day simple moving average of C$11.83.

Insider Buying and Selling

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the firm's stock in a transaction on Monday, December 15th. The stock was acquired at an average price of C$11.56 per share, for a total transaction of C$57,800.00. Following the purchase, the director owned 50,000 shares of the company's stock, valued at C$578,000. This trade represents a 11.11% increase in their position. 0.16% of the stock is owned by insiders.

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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