CIBC Raises Vermilion Energy (VET) Price Target to C$55.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price raised by CIBC from C$52.00 to C$55.00 in a research report issued to clients and investors on Tuesday. CIBC’s price target suggests a potential upside of 10.84% from the stock’s previous close.

A number of other analysts have also recently weighed in on VET. BMO Capital Markets dropped their price target on Vermilion Energy from C$51.00 to C$48.00 in a research report on Tuesday, October 10th. Barclays increased their price target on Vermilion Energy from C$50.00 to C$51.00 in a research report on Monday, October 30th. National Bank Financial dropped their price target on Vermilion Energy from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Finally, TD Securities dropped their price target on Vermilion Energy from C$51.00 to C$50.00 and set a “buy” rating on the stock in a research report on Tuesday, October 31st. Five equities research analysts have rated the stock with a buy rating, Vermilion Energy has an average rating of “Buy” and a consensus target price of C$54.36.

Shares of Vermilion Energy (TSE VET) opened at C$49.62 on Tuesday. The firm has a market capitalization of $6,030.00, a P/E ratio of 121.02 and a beta of 0.21. Vermilion Energy has a 1 year low of C$38.33 and a 1 year high of C$55.40.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings results on Monday, October 30th. The company reported C($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.21) by C$0.02. Vermilion Energy had a negative return on equity of 9.80% and a negative net margin of 16.93%.

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Vermilion Energy Company Profile

Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.

Analyst Recommendations for Vermilion Energy (TSE:VET)

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