Vermilion Energy Inc’s Big Gap Down Today Points to More Stock Risks

 Vermilion Energy Inc's Big Gap Down Today Points to More Stock Risks

The stock of Vermilion Energy Inc (TSE:VET) gapped down by $0.03 today and has $50.88 target or 5.00% below today’s $53.56 share price. The 8 months technical chart setup indicates high risk for the $6.25B company. The gap down was reported on Nov, 16 by Barchart.com. If the $50.88 price target is reached, the company will be worth $312.50M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 39,152 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 45.02% since April 12, 2016 and is uptrending. It has outperformed by 40.34% 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 1.59% above today’s ($53.56) stock price. Vermilion Energy Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC initiated the shares of VET in a report on Wednesday, June 15 with “Outperform” rating. The firm has “Overweight” rating by Barclays Capital given on Wednesday, June 29. RBC Capital Markets maintained it with “Outperform” rating and $43 target price in Friday, January 29 report. The stock of Vermilion Energy Inc (TSE:VET) has “Buy” rating given on Tuesday, August 11 by Desjardins Securities. On Thursday, November 5 the stock rating was downgraded by Goldman Sachs to “Sell”. The firm has “Buy” rating by TD Securities given on Tuesday, August 11. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, June 29. On Tuesday, January 12 the stock rating was downgraded by Dundee Securities to “Neutral”.

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 Marketwatch.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 $6.25 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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