Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports.
VET has been the topic of several other reports. Raymond James dropped their target price on Vermilion Energy from C$38.00 to C$35.00 in a research report on Tuesday, March 29th. National Bank Financial dropped their target price on Vermilion Energy from C$53.00 to C$52.00 in a research report on Thursday, June 16th. Desjardins raised their price target on Vermilion Energy from C$32.50 to C$40.00 in a report on Thursday, June 2nd. Royal Bank of Canada raised their price target on Vermilion Energy from C$26.00 to C$28.00 in a report on Friday, April 29th. Finally, CIBC raised their price target on Vermilion Energy from C$32.00 to C$34.00 in a report on Wednesday, June 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy has an average rating of “Moderate Buy” and a consensus price target of $33.17.
Shares of NYSE VET opened at $19.42 on Thursday. Vermilion Energy has a 1-year low of $5.51 and a 1-year high of $25.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.52 and a quick ratio of 0.50. The business’s fifty day moving average price is $20.58 and its two-hundred day moving average price is $18.64. The firm has a market capitalization of $3.21 billion, a PE ratio of 4.30 and a beta of 2.46.
Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last issued its earnings results on Wednesday, May 11th. The oil and gas company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.49. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. The firm had revenue of $639.62 million for the quarter. Equities research analysts expect that Vermilion Energy will post 5.57 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Covestor Ltd acquired a new position in Vermilion Energy during the first quarter worth about $25,000. CWM LLC acquired a new position in Vermilion Energy during the first quarter worth about $37,000. Maverick Capital Ltd. acquired a new position in Vermilion Energy during the fourth quarter worth about $44,000. PNC Financial Services Group Inc. grew its holdings in Vermilion Energy by 8,245.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 4,700 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Vermilion Energy during the fourth quarter worth about $128,000. 25.59% of the stock is currently owned by hedge funds and other institutional investors.
Vermilion Energy Company Profile (Get Rating)
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.
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