Scotiabank raises Vermilion Energy (NYSE:VET) price target to C$40.00

Vermilion Energy (NYSE: VET – Get Rating) (TSE: VET) had its price target raised by Scotiabank equity researchers from C$38.00 to C$40.00 in a report on Friday, reports The Fly.

VET has been the subject of a number of other reports. CIBC raised its price target on Vermilion Energy shares from C$32.00 to C$34.00 in a Wednesday, June 15 report. TD Securities raised its target price on Vermilion Energy shares from C$40.00 to C$45.00 in a Friday, August 12 report. National Bank Financial reduced its target price on Vermilion Energy shares from C$52.00 to C$48.00 in a report released Monday, July 18. BMO Capital Markets raised its price target on Vermilion Energy shares from C$35.00 to C$40.00 in a Friday, August 12 research note. Finally, StockNews.com upgraded Vermilion Energy shares from a “hold” rating to a “buy” rating in a Thursday, August 18 research note. Three research analysts gave the stock a hold rating and seven gave the stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.22.

Vermilion Energy Price Performance

NYSE VET traded down $0.66 on Friday, hitting $24.58. The company had a trading volume of 160,745 shares, compared to an average volume of 2,843,286 shares. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt ratio of 0.59. The stock has a market capitalization of $4.04 billion, a PE ratio of 6.19 and a beta of 2.43. The company’s 50-day moving average price is $23.78 and its 200-day moving average price is $21.79. Vermilion Energy has a 12-month low of $6.50 and a 12-month high of $30.17.

A d Investment trends

Biden warns China could ‘eat our lunch’ on lithium

Close. Biden recently warned of China’s dominance when it comes to lithium demand, saying “if we don’t move, they’re going to eat our lunch.” A junior mining company in South America is looking to become a strong link in the lithium supply chain through a monster acquisition.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last reported quarterly results on Thursday, August 11. The oil and gas company reported earnings per share (EPS) of $1.68 for the quarter, beating consensus analyst estimates of $0.94 by $0.74. The company posted revenue of $672.99 million for the quarter. Vermilion Energy had a net margin of 28.34% and a return on equity of 43.05%. As a group, stock analysts predict Vermilion Energy will post earnings per share of 6.32 for the current year.

Institutional investors weigh in on Vermilion Energy

Several hedge funds have recently changed their holdings to VET. Advisor Group Holdings Inc. increased its stake in Vermilion Energy shares by 14.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,743 shares of the oil and gas company worth $173,000 after acquiring 1,732 additional shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Vermilion Energy during the 4th quarter for a value of approximately $313,000. Raymond James & Associates bought a new position in shares of Vermilion Energy during the 4th quarter for a value of approximately $148,000. Dimensional Fund Advisors LP increased its stake in Vermilion Energy shares by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,154,012 shares of the oil and gas company worth $27,119,000 after acquiring 106,643 additional shares in the last quarter. Finally, EAM Global Investors LLC purchased a new position in Vermilion Energy stock during Q4 for a value of approximately $3,564,000. Hedge funds and other institutional investors hold 24.97% of the company’s shares.

Vermilion Energy Company Profile

(Get an evaluation)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development and production of oil and natural gas in North America, Europe and Australia. The Company has an 81% working interest in 636,714 net acres of developed land and an 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 built-up 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 acres developed and 920,723 net acres undeveloped in Germany; 975,375 net acres of land in Croatia; 946,666 net acres of land in Hungary; and 48,954 net acres of land in Slovakia.

Further reading

The Fly logo

Analyst Recommendations for Vermilion Energy (NYSE: VET)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Vermilion Energy, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Vermilion Energy was not on the list.

While Vermilion Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Richard L. Militello