Stifel Nicolaus Lowers Vermilion Energy (TSE:VET) Price Target to C$31.00

Posted by Defense World Staff on May 6th, 2023

Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) had its price objective lowered by equities researchers at Stifel Nicolaus from C$37.00 to C$31.00 in a note issued to investors on Thursday, The Fly reports. Stifel Nicolaus’ price target would indicate a potential upside of 84.52% from the company’s previous close.

Several other research firms also recently issued reports on VET. JPMorgan Chase & Co. reduced their price target on Vermilion Energy from C$29.00 to C$28.00 in a research note on Monday, April 17th. Royal Bank of Canada lowered their target price on Vermilion Energy from C$29.00 to C$27.00 and set a “sector perform” rating for the company in a report on Thursday, March 9th. Scotiabank decreased their price target on Vermilion Energy from C$29.00 to C$26.00 in a research note on Thursday, April 13th. National Bank Financial decreased their price target on Vermilion Energy from C$29.00 to C$26.00 in a research note on Tuesday, April 18th. Finally, CIBC decreased their price target on Vermilion Energy from C$36.00 to C$26.00 in a research note on Tuesday, January 17th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Vermilion Energy presently has an average rating of “Moderate Buy” and an average target price of C$26.67.

Vermilion Energy Stock Performance

Shares of TSE:VET opened at C$16.80 on Thursday. Vermilion Energy has a twelve month low of C$15.48 and a twelve month high of C$39.21. The firm has a market cap of C$2.72 billion, a PE ratio of 2.12, a price-to-earnings-growth ratio of -0.02 and a beta of 2.92. The company has a debt-to-equity ratio of 33.88, a quick ratio of 0.40 and a current ratio of 0.80. The business has a fifty day moving average of C$17.67 and a 200-day moving average of C$21.78.

Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) last released its quarterly earnings results on Wednesday, March 8th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.25). The firm had revenue of C$842.69 million during the quarter. On average, equities research analysts predict that Vermilion Energy will post 2.7272727 EPS for the current fiscal year.

Insider Buying and Selling at Vermilion Energy

In related news, Senior Officer Lars William Glemser sold 19,379 shares of the company’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of C$17.60, for a total value of C$340,973.51. Company insiders own 0.14% of the company’s stock.

About Vermilion Energy

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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. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 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.