Vermilion Energy (TSE:VET) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price raised by investment analysts at JPMorgan Chase & Co. from C$10.00 to C$11.00 in a research note issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 25.14% from the stock’s current price.

Other research analysts also recently issued reports about the company. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. ATB Capital reduced their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday, December 30th. BMO Capital Markets cut their price target on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. CIBC reduced their price target on Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday, April 10th. Finally, Desjardins lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$15.72.

Vermilion Energy Trading Down 1.1 %

Shares of VET opened at C$8.79 on Wednesday. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The stock has a market cap of C$1.36 billion, a price-to-earnings ratio of -1.65, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 1-year low of C$7.29 and a 1-year high of C$17.15. The firm has a 50 day simple moving average of C$10.65 and a 200-day simple moving average of C$12.66.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion’s revenue has derived from the production and sale of petroleum and natural gas.