JPMorgan Chase & Co. upgraded shares of Vermilion Energy (TSE:VET – Get Rating) (NYSE:VET) from a neutral rating to an overweight rating in a research report report published on Tuesday, BayStreet.CA reports.
Several other brokerages also recently commented on VET. Stifel Nicolaus dropped their target price on Vermilion Energy from C$42.00 to C$37.00 in a report on Tuesday, January 10th. CIBC reduced their price objective on Vermilion Energy from C$36.00 to C$26.00 in a research report on Tuesday, January 17th. TD Securities cut their target price on Vermilion Energy from C$35.00 to C$29.00 and set a buy rating on the stock in a research note on Thursday, March 9th. Raymond James cut their target price on Vermilion Energy from C$38.00 to C$31.00 and set an outperform rating on the stock in a research note on Monday, January 16th. Finally, Scotiabank dropped their price target on shares of Vermilion Energy from C$40.00 to C$32.00 in a research report on Monday, January 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$32.18.
Vermilion Energy Stock Up 1.9 %
VET stock opened at C$18.36 on Tuesday. Vermilion Energy has a one year low of C$17.49 and a one year high of C$39.21. The company has a 50 day moving average price of C$19.56 and a two-hundred day moving average price of C$25.48. The stock has a market capitalization of C$3.00 billion, a P/E ratio of 2.49, a PEG ratio of -0.02 and a beta of 2.91. The company has a debt-to-equity ratio of 33.31, a quick ratio of 0.40 and a current ratio of 0.80.
Vermilion Energy Increases Dividend
About Vermilion Energy
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.
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