The stock of Vermilion Energy Inc (TSE:VET) gapped up by $0.65 today and has $77.25 target or 42.00% above today’s $54.40 share price. The 8 months technical chart setup indicates low risk for the $6.26B company. The gap was reported on Nov, 15 by Barchart.com. If the $77.25 price target is reached, the company will be worth $2.63B 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 126,428 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 46.04% since April 11, 2016 and is uptrending. It has outperformed by 42.11% 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 $54.41 average target is 0.02% above today’s ($54.4) stock price. Vermilion Energy Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Desjardins Securities upgraded Vermilion Energy Inc (TSE:VET) on Tuesday, August 11 to “Buy” rating. Goldman Sachs downgraded the stock to “Sell” rating in Thursday, November 5 report. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 29 report. The firm has “Neutral” rating given on Tuesday, January 12 by Dundee Securities. The stock has “Outperform” rating given by IBC on Wednesday, June 15. The stock of Vermilion Energy Inc (TSE:VET) earned “Outperform” rating by Scotia Capital on Wednesday, June 29. TD Securities maintained the stock with “Buy” rating in Tuesday, August 11 report. As per Wednesday, June 29, the company rating was maintained by Barclays Capital.
More important recent Vermilion Energy Inc (TSE:VET) news were published by: Forbes.com which released: “Vermilion Energy (VET) Shares Cross 6% Yield Mark” on July 25, 2016, also Prnewswire.com published article titled: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 …”, Prnewswire.com published: “Vermilion Energy Inc. CEO, Lorenzo Donadeo to Retire; Anthony Marino …” on November 30, 2015. 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 $6.26 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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