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

Vermilion Energy (TSE:VET) (NYSE:VET) was downgraded by Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

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

Vermilion Energy Price Performance

VET stock opened at C$12.77 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a market capitalization of C$1.98 billion, a PE ratio of -2.40, a P/E/G ratio of -0.02 and a beta of 2.60. The business’s fifty day moving average price is C$13.68 and its 200 day moving average price is C$13.64. Vermilion Energy has a 12-month low of C$11.84 and a 12-month high of C$17.56.

Insider Activity at Vermilion Energy

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of C$12.92 per share, for a total transaction of C$64,600.00. 0.16% of the stock is owned by insiders.

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.