The stock of Vermilion Energy Inc (TSE:VET) gapped up by $0.2 today and has $88.48 target or 63.00% above today’s $54.28 share price. The 6 months technical chart setup indicates low risk for the $6.22 billion company. The gap was reported on Oct, 19 by Barchart.com. If the $88.48 price target is reached, the company will be worth $3.92B more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 138,373 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 33.17% since March 14, 2016 and is uptrending. It has outperformed by 27.62% the S&P500.
Vermilion Energy Inc (TSE:VET) Ratings Coverage
Out of 8 analysts covering Vermilion Energy Inc. (TSE:VET), 6 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 75% are positive. Vermilion Energy Inc. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, January 12 by Dundee Securities. The firm has “Buy” rating by Desjardins Securities given on Tuesday, August 11. The stock of Vermilion Energy Inc (TSE:VET) has “Outperform” rating given on Wednesday, June 29 by Scotia Capital. IBC initiated it with “Outperform” rating and $50 target price in Wednesday, June 15 report. The company was maintained on Friday, January 29 by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Wednesday, June 29. The firm has “Buy” rating given on Tuesday, August 11 by TD Securities. The stock of Vermilion Energy Inc (TSE:VET) has “Sell” rating given on Thursday, November 5 by Goldman Sachs.
More important recent Vermilion Energy Inc (TSE:VET) news were published by: Forbes.com which released: “Ex-Div Reminder for Vermilion Energy (VET)” on October 18, 2016, also Prnewswire.com published article titled: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for November 15, 2016 …”, Forbes.com published: “Cash Dividend On The Way From Vermilion Energy (VET)” on August 16, 2016. More interesting news about Vermilion Energy Inc (TSE:VET) was released by: Prnewswire.com and their article: “Vermilion Energy Inc. Announces Farm-in Agreement in Germany” with publication date: July 28, 2015.
Vermilion Energy Inc. is a Canada international gas and oil producer. The company has a market cap of $6.22 billion. The Firm is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. It currently has negative earnings. The Company’s divisions are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its activities in France in the Paris and Aquitaine basins; Netherlands, which relates to its activities in the Netherlands; Germany, which relates to its activities in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to activities on the Wandoo offshore crude oil field; the United States, which relates to its activities in Wyoming in the Powder River Basin, and Corporate.
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