Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lowered by stock analysts at JPMorgan Chase from C$50.00 to C$49.00 in a note issued to investors on Thursday. JPMorgan Chase’s price objective would indicate a potential upside of 11.26% from the company’s previous close.
Other research analysts also recently issued reports about the stock. CIBC increased their target price on shares of Vermilion Energy from C$52.00 to C$55.00 in a research report on Tuesday, January 23rd. Barclays increased their target price on shares of Vermilion Energy from C$51.00 to C$59.00 in a research report on Wednesday, January 17th. Finally, National Bank Financial dropped their target price on shares of Vermilion Energy from C$54.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 2nd. Six investment analysts have rated the stock with a buy rating, Vermilion Energy presently has an average rating of “Buy” and an average price target of C$53.06.
TSE VET opened at C$44.04 on Thursday. Vermilion Energy has a 12 month low of C$38.33 and a 12 month high of C$50.46.
In related news, insider Curtis W. Hicks sold 20,000 shares of the stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of C$40.82, for a total transaction of C$816,400.00. Also, insider Terrance Gerald Hergott sold 2,500 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of C$40.00, for a total transaction of C$100,000.00. In the last quarter, insiders have sold 434,500 shares of company stock valued at $17,906,400.
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About Vermilion Energy
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.
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