A Reversal for Vermilion Energy Inc. (VET) Is Not Near. The Stock Rises Again

December 12, 2017 - By Dolores Ford

The stock of Vermilion Energy Inc. (NYSE:VET) is a huge mover today! The stock increased 0.78% or $0.26 during the last trading session, reaching $34.08. About 261,724 shares traded or 74.50% up from the average. Vermilion Energy Inc. (NYSE:VET) has risen 5.95% since December 12, 2016 and is uptrending. It has underperformed by 10.75% the S&P500.
The move comes after 7 months positive chart setup for the $4.20B company. It was reported on Dec, 12 by Barchart.com. We have $36.47 PT which if reached, will make NYSE:VET worth $293.93M more.

Analysts await Vermilion Energy Inc. (NYSE:VET) to report earnings on February, 26. They expect $0.05 EPS, up 350.00 % or $0.07 from last year’s $-0.02 per share. VET’s profit will be $6.16M for 170.40 P/E if the $0.05 EPS becomes a reality. After $-0.16 actual EPS reported by Vermilion Energy Inc. for the previous quarter, Wall Street now forecasts -131.25 % EPS growth.

Vermilion Energy Inc. (NYSE:VET) Ratings Coverage

Among 3 analysts covering Vermilion Energy (NYSE:VET), 1 have Buy rating, 1 Sell and 1 Hold. Therefore 33% are positive. Vermilion Energy had 3 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs on Thursday, November 5 to “Sell”. The company was upgraded on Tuesday, August 11 by Desjardins Securities. The company was upgraded on Thursday, July 27 by RBC Capital Markets.

More news for Vermilion Energy Inc. (NYSE:VET) were recently published by: Nasdaq.com, which released: “Vermilion Energy Inc. (VET) Ex-Dividend Date Scheduled for November 29, 2017” on November 28, 2017. Prnewswire.com‘s article titled: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2017 …” and published on November 15, 2017 is yet another important article.

Vermilion Energy Inc. acquires, explores, develops, and produces natural gas and crude oil in North America, Europe, and Australia. The company has market cap of $4.20 billion. As of December 31, 2016, it owned 74% interest in 328,500 net acres of developed land and 89% interest in 500,300 net acres of undeveloped land, as well as 358 net producing natural gas wells and 445 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 100% interest in 336,600 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 331 net producing oil wells in France. It has a 105.5 P/E ratio. The firm also owned 56% interest in 841,500 net acres of land, as well as 37 net producing gas wells in the Netherlands; 25,800 net acres of developed and 1,054,900 net acres of undeveloped land, as well as 111 net producing oil wells and 7 net producing natural gas wells in Germany; and 97,200 net acres of land and 9 net producing oil wells in the United States.

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