ATB Capital Lowers Price Target for Vermilion Energy to C$17.50

Vermilion Energy (TSE:VET - Get Free Report) has recently seen its price target reduced by ATB Capital from C$20.00 to C$17.50, as reported in a research note released to investors on a Tuesday. Despite the decrease in the price objective, the brokerage has assigned an "outperform" rating to the stock. This new target implies a possible upside of approximately 33.28% compared to the stock’s previous closing price.

A few other firms have also made adjustments concerning Vermilion Energy's stock. For instance, on September 12th, JPMorgan Chase & Co. downgraded their target price from C$18.00 to C$15.00. Meanwhile, Royal Bank of Canada reduced their price objective from C$20.00 to C$17.00 on September 17th. Further adjustments included BMO Capital Markets, which changed their rating from "outperform" to "market perform", lowering their price objective from C$20.00 to C$16.00 on October 4th. Canaccord Genuity Group also decreased their target from C$20.00 to C$19.00 on October 22nd. Additionally, National Bankshares slightly increased their target price from C$17.50 to C$18.00 while maintaining an "outperform" rating. Currently, three investment analysts have given Vermilion Energy a hold rating, while eight have assigned buy ratings, leading to a consensus rating of "Moderate Buy" with an average target price of C$18.86 according to MarketBeat.

Stock Performance Summary

On the Tuesday following the price target adjustment, shares of Vermilion Energy rose by 2.8%, reaching C$13.13. The trading volume for the day was recorded at 758,465 shares, slightly below the average volume of 784,095. The company maintains a debt-to-equity ratio of 36.63, with a current ratio of 1.09 and a quick ratio of 0.40. The stock has demonstrated a 50-day moving average of C$13.65 and a 200-day moving average of C$14.03. Over the past year, Vermilion Energy's shares have experienced a low of C$11.84 and a high of C$17.56, with the company holding a market capitalization of C$2.05 billion. The share's price-to-earnings ratio stands at -2.57, accompanied by a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Recent Earnings Results

Vermilion Energy announced its latest earnings on November 6th. The company reported earnings per share of C$0.33, which fell short of analysts' expectations of C$0.45 by C($0.12). In terms of revenue, Vermilion generated C$490.10 million during the quarter, missing analysts' forecast of C$497.45 million. The firm recorded a negative return on equity of 24.83% and a negative net margin of 45.56%. Analysts predict that Vermilion Energy will achieve approximately 1.40 EPS for the current year.

Company Overview

Vermilion Energy Inc is engaged in oil and gas production across multiple international regions. The company focuses on exploration, production, and optimization of properties in North America, Europe, and Australia. A significant portion of Vermilion's revenue comes from the production and sale of oil and natural gas.

Vermilion, Energy, Stock