Vermilion Energy (TSE:VET) Shares Down 3.1% – Here’s What Happened

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price dropped 3.1% during trading on Thursday . The company traded as low as C$11.29 and last traded at C$11.38. Approximately 145,438 shares were traded during trading, a decline of 79% from the average daily volume of 683,456 shares. The stock had previously closed at C$11.74.

Analyst Ratings Changes

VET has been the topic of a number of research reports. BMO Capital Markets decreased their price target on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. National Bankshares increased their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Royal Bank of Canada reduced their price objective on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, December 30th. Finally, ATB Capital reduced their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday, December 30th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Vermilion Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.72.

Vermilion Energy Price Performance

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 firm has a market capitalization of C$1.73 billion, a PE ratio of -2.10, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a fifty day moving average price of C$13.10 and a two-hundred day moving average price of C$13.36.

Insider Activity

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of C$12.92 per share, for a total transaction of C$64,600.00. Company insiders own 0.16% of the company’s stock.

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.