Vermilion Energy (TSE:VET) Price Target Cut to C$29.00

Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) had its price objective decreased by investment analysts at TD Securities from C$35.00 to C$29.00 in a report released on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 54.09% from the company’s current price.

A number of other equities analysts also recently weighed in on VET. Stifel Nicolaus decreased their target price on shares of Vermilion Energy from C$42.00 to C$37.00 in a research note on Tuesday, January 10th. ATB Capital set a C$36.00 target price on shares of Vermilion Energy in a research note on Monday, November 14th. BMO Capital Markets decreased their target price on shares of Vermilion Energy from C$25.00 to C$23.00 in a research note on Thursday. CIBC decreased their target price on shares of Vermilion Energy from C$36.00 to C$26.00 in a research note on Tuesday, January 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Vermilion Energy from C$34.00 to C$33.00 in a research note on Monday, December 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Vermilion Energy presently has an average rating of “Moderate Buy” and an average price target of C$32.40.

Vermilion Energy Price Performance

VET stock opened at C$18.82 on Thursday. Vermilion Energy has a 1 year low of C$17.49 and a 1 year high of C$39.21. The company has a market cap of C$3.07 billion, a P/E ratio of 2.56, a PEG ratio of -0.02 and a beta of 2.91. The firm has a 50-day moving average of C$19.68 and a 200 day moving average of C$25.77. The company has a debt-to-equity ratio of 33.31, a current ratio of 0.80 and a quick ratio of 0.40.

Vermilion Energy Company Profile

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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.