Royal Bank of Canada Lowers Vermilion Energy (TSE:VET) Price Target to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective cut by stock analysts at Royal Bank of Canada from C$20.00 to C$17.00 in a research note issued on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 31.07% from the stock’s current price.

VET has been the subject of several other reports. Desjardins reduced their price target on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Canaccord Genuity Group decreased their price target on Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. Finally, BMO Capital Markets reduced their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 in a research note on Wednesday, July 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Vermilion Energy has an average rating of “Moderate Buy” and a consensus price target of C$20.67.

Vermilion Energy Price Performance

Shares of TSE:VET opened at C$12.97 on Tuesday. The firm has a market capitalization of C$2.02 billion, a PE ratio of -2.57, a P/E/G ratio of -0.02 and a beta of 2.62. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. The company has a 50-day moving average price of C$13.83 and a two-hundred day moving average price of C$15.28. Vermilion Energy has a twelve month low of C$11.87 and a twelve month high of C$21.30.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.95). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The business had revenue of C$478.93 million during the quarter, compared to the consensus estimate of C$514.63 million. Equities analysts forecast that Vermilion Energy will post 1.9130435 EPS for the current year.

Insider Transactions at Vermilion Energy

In other news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by insiders.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.