Time to Reconsider Vermilion Energy Inc After Reaching 52-Week High?

 Time to Reconsider Vermilion Energy Inc After Reaching 52 Week High?

The stock of Vermilion Energy Inc (TSE:VET) hit a new 52-week high and has $85.02 target or 58.00% above today’s $53.81 share price. The 5 months bullish chart indicates low risk for the $6.16B company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $85.02 price target is reached, the company will be worth $3.57B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 51,964 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. $69 is the highest target while $40 is the lowest. The $54.35 average target is 1.00% above today’s ($53.81) stock price. Vermilion Energy Inc. has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Vermilion Energy Inc (TSE:VET) rating on Wednesday, June 29. Scotia Capital has “Outperform” rating and $52.50 price target. As per Tuesday, January 12, the company rating was downgraded by Dundee Securities. Goldman Sachs downgraded Vermilion Energy Inc (TSE:VET) on Thursday, November 5 to “Sell” rating. The stock has “Overweight” rating given by Barclays Capital on Wednesday, June 29. As per Wednesday, June 15, the company rating was initiated by IBC. TD Securities maintained the stock with “Buy” rating in Tuesday, August 11 report. On Tuesday, August 11 the stock rating was upgraded by Desjardins Securities to “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29.

More important recent Vermilion Energy Inc (TSE:VET) news were published by: Prnewswire.com which released: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for November 15, 2016 …” on October 14, 2016, also Forbes.com published article titled: “Cash Dividend On The Way From Vermilion Energy (VET)”, Prnewswire.com published: “Vermilion Energy Inc. Announces Farm-in Agreement in Germany” on July 28, 2015. More interesting news about Vermilion Energy Inc (TSE:VET) was released by: Prnewswire.com and their article: “Vermilion Energy Inc. CEO, Lorenzo Donadeo to Retire; Anthony Marino …” with publication date: November 30, 2015.

Vermilion Energy Inc. is a Canada international gas and oil producer. The company has a market cap of $6.16 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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