Vermilion Energy (VET) PT Raised to C$57.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target raised by Canaccord Genuity from C$56.00 to C$57.00 in a research report released on Friday.

A number of other equities research analysts also recently commented on VET. CSFB lifted their target price on shares of Vermilion Energy from C$47.00 to C$50.00 in a research report on Friday, April 13th. National Bank Financial lifted their target price on shares of Vermilion Energy from C$52.00 to C$53.00 and gave the stock an outperform rating in a research report on Tuesday, April 17th. BMO Capital Markets downgraded shares of Vermilion Energy from an outperform rating to a market perform rating and cut their target price for the stock from C$50.00 to C$47.00 in a research report on Tuesday, April 17th. Scotiabank lifted their target price on shares of Vermilion Energy from C$55.00 to C$60.00 and gave the stock an outperform rating in a research report on Tuesday, April 17th. Finally, JPMorgan Chase cut their target price on shares of Vermilion Energy from C$50.00 to C$49.00 in a research report on Thursday, April 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$53.20.

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Shares of TSE VET opened at C$46.32 on Friday. Vermilion Energy has a twelve month low of C$38.33 and a twelve month high of C$50.46.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Thursday, March 1st. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.16). Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%. The firm had revenue of C$317.34 million during the quarter, compared to analysts’ expectations of C$309.15 million.

In other news, Director Lorenzo Donadeo sold 400,000 shares of the business’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of C$41.26, for a total transaction of C$16,504,000.00. Also, insider Curtis W. Hicks sold 7,000 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of C$40.50, for a total transaction of C$283,500.00. In the last ninety days, insiders sold 434,500 shares of company stock valued at $17,906,400.

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Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

Analyst Recommendations for Vermilion Energy (TSE:VET)

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