Vermilion Energy (TSE:VET) Downgraded by Atb Cap Markets to Hold

Atb Cap Markets downgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a strong-buy rating to a hold rating in a research report report published on Thursday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Monday, December 30th. Canaccord Genuity Group decreased their price objective on shares of Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. National Bankshares boosted their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. TD Securities decreased their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, ATB Capital decreased their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy presently has an average rating of “Moderate Buy” and an average target price of C$17.94.

Vermilion Energy Price Performance

VET stock opened at C$12.77 on Thursday. The firm has a 50 day moving average price of C$13.68 and a 200-day moving average price of C$13.64. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The firm has a market capitalization of C$1.98 billion, a price-to-earnings ratio of -2.40, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Insiders Place Their Bets

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is currently owned by insiders.

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.