Vermilion Energy (TSE:VET) Stock Rating Upgraded by TD Securities

Vermilion Energy (TSE:VET) (NYSE:VET) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other research analysts also recently commented on the stock. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$16.00 to C$24.00 in a research note on Friday, March 27th. Royal Bank Of Canada upped their price objective on Vermilion Energy from C$22.00 to C$24.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 19th. National Bank Financial decreased their target price on shares of Vermilion Energy from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. TD raised Vermilion Energy from a “hold” rating to a “buy” rating and set a C$18.00 price target for the company in a report on Wednesday. Finally, Desjardins set a C$16.00 price objective on shares of Vermilion Energy and gave the stock a “hold” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$19.12.

Vermilion Energy Stock Performance

TSE:VET opened at C$15.84 on Wednesday. Vermilion Energy has a fifty-two week low of C$9.71 and a fifty-two week high of C$20.31. The firm has a market capitalization of C$2.43 billion, a PE ratio of -2.99, a PEG ratio of -0.02 and a beta of 0.23. The company has a debt-to-equity ratio of 63.73, a quick ratio of 0.40 and a current ratio of 0.63. The stock’s fifty day moving average is C$14.85 and its 200 day moving average is C$15.24.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, May 6th. The company reported C($0.95) earnings per share (EPS) for the quarter. Vermilion Energy had a negative return on equity of 33.68% and a negative net margin of 44.92%.The firm had revenue of C$519.12 million during the quarter. On average, sell-side analysts anticipate that Vermilion Energy will post 1.3956262 earnings per share for the current year.

About Vermilion Energy

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.