The stock of Vermilion Energy Inc (TSE:VET) gapped up by $0.35 today and has $86.24 target or 58.00% above today’s $54.58 share price. The 6 months technical chart setup indicates low risk for the $6.21B company. The gap was reported on Nov, 21 by Barchart.com. If the $86.24 price target is reached, the company will be worth $3.60B 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 121,950 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 48.77% since April 15, 2016 and is uptrending. It has outperformed by 44.91% 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 -0.31% below today’s ($54.58) stock price. Vermilion Energy Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, June 29 by Barclays Capital. 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 Wednesday, June 15, the company rating was initiated by IBC. Goldman Sachs downgraded Vermilion Energy Inc (TSE:VET) on Thursday, November 5 to “Sell” rating. The firm has “Neutral” rating by Dundee Securities given on Tuesday, January 12. The firm has “Buy” rating by Desjardins Securities given on Tuesday, August 11. The firm has “Buy” rating by TD Securities given on Tuesday, August 11. The stock of Vermilion Energy Inc (TSE:VET) earned “Outperform” rating by RBC Capital Markets on Friday, January 29.
More recent Vermilion Energy Inc (TSE:VET) news were published by: Marketwatch.com which released: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 …” on November 10, 2016. Also Forbes.com published the news titled: “Vermilion Energy (VET) Shares Cross 6% Yield Mark” on July 25, 2016. Prnewswire.com‘s news article titled: “Vermilion Energy Inc. CEO, Lorenzo Donadeo to Retire; Anthony Marino …” with publication date: November 30, 2015 was also an interesting one.
Vermilion Energy Inc. is a Canada international gas and oil producer. The company has a market cap of $6.21 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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