Vermilion Energy (VET) Price Target Cut to C$45.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price decreased by BMO Capital Markets from C$52.00 to C$45.00 in a report issued on Friday morning.

A number of other research firms have also recently weighed in on VET. Canaccord Genuity raised their price target on Vermilion Energy from C$57.00 to C$60.00 in a report on Tuesday, July 10th. National Bank Financial dropped their price target on Vermilion Energy from C$62.00 to C$61.00 and set an outperform rating for the company in a report on Thursday, October 18th. Royal Bank of Canada decreased their price objective on Vermilion Energy from C$55.00 to C$54.00 and set an outperform rating on the stock in a research report on Tuesday, July 31st. Raymond James decreased their price objective on Vermilion Energy from C$52.00 to C$51.00 in a research report on Friday, October 5th. Finally, CSFB upgraded Vermilion Energy from a neutral rating to an outperform rating and increased their price objective for the company from C$52.00 to C$65.00 in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of C$55.85.

VET stock opened at C$35.64 on Friday. Vermilion Energy has a fifty-two week low of C$34.14 and a fifty-two week high of C$50.46.



Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings results on Monday, July 30th. The company reported C$0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.23 by C$0.10. Vermilion Energy had a return on equity of 2.23% and a net margin of 2.94%. The firm had revenue of C$394.50 million during the quarter, compared to analysts’ expectations of C$359.75 million.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be given a $0.23 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $2.76 dividend on an annualized basis and a yield of 7.74%.

In other news, Director Robert B. Michaleski acquired 2,370 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were purchased at an average cost of C$45.58 per share, for a total transaction of C$108,024.60. Also, Director Carin Shirley Knickel acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The stock was purchased at an average price of C$32.18 per share, for a total transaction of C$160,900.00. Insiders acquired a total of 8,370 shares of company stock worth $309,925 over the last quarter.

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.

Further Reading: Fundamental Analysis

Analyst Recommendations for Vermilion Energy (TSE:VET)

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