ATB Cormark Capital Markets Upgrades Vermilion Energy (TSE:VET) to “Moderate Buy”

Vermilion Energy (TSE:VET) (NYSE:VET) was upgraded by equities researchers at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research report issued on Friday, MarketBeat reports. The firm currently has a C$24.00 target price on the stock, up from their prior target price of C$16.00. ATB Cormark Capital Markets’ target price points to a potential upside of 24.29% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial raised their target price on shares of Vermilion Energy from C$14.50 to C$18.50 and gave the stock an “outperform” rating in a report on Tuesday, February 3rd. Desjardins increased their price target on Vermilion Energy from C$13.50 to C$16.00 and gave the company a “hold” rating in a report on Monday, March 9th. BMO Capital Markets raised their price target on Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research note on Thursday, December 11th. Scotiabank lifted their price objective on Vermilion Energy from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, TD Securities cut Vermilion Energy from a “buy” rating to a “hold” rating and upped their price objective for the company from C$14.00 to C$16.00 in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$15.83.

Vermilion Energy Stock Performance

Shares of VET stock opened at C$19.31 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.84 and a debt-to-equity ratio of 58.60. The company has a 50 day moving average price of C$14.94 and a 200-day moving average price of C$12.65. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$20.31. The firm has a market capitalization of C$2.95 billion, a PE ratio of -4.54, a P/E/G ratio of -0.02 and a beta of 1.12.

Insider Transactions at Vermilion Energy

In other Vermilion Energy news, insider Gerard Schut sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$19.00, for a total value of C$190,000.00. Following the completion of the sale, the insider owned 94,268 shares in the company, valued at C$1,791,092. This represents a 9.59% decrease in their ownership of the stock. Corporate insiders own 0.16% of the company’s stock.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.