The stock of Vermilion Energy Inc (TSE:VET) gapped down by $0.14 today and has $48.14 target or 6.00% below today’s $51.21 share price. The 8 months technical chart setup indicates high risk for the $5.87 billion company. The gap down was reported on Nov, 29 by Barchart.com. If the $48.14 price target is reached, the company will be worth $352.20M 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 111,997 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 27.24% since April 25, 2016 and is uptrending. It has outperformed by 21.98% 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 6.25% above today’s ($51.21) stock price. Vermilion Energy Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Wednesday, June 29. The company was downgraded on Tuesday, January 12 by Dundee Securities. Desjardins Securities upgraded the stock to “Buy” rating in Tuesday, August 11 report. The firm has “Sell” rating given on Thursday, November 5 by Goldman Sachs. Scotia Capital maintained it with “Outperform” rating and $52.50 target price in Wednesday, June 29 report. TD Securities maintained Vermilion Energy Inc (TSE:VET) rating on Tuesday, August 11. TD Securities has “Buy” rating and $69 price target. The rating was maintained by RBC Capital Markets on Friday, January 29 with “Outperform”. The company was initiated on Wednesday, June 15 by IBC.
More notable recent Vermilion Energy Inc (TSE:VET) news were published by: Nasdaq.com which released: “Vermilion Energy Inc. (VET) Ex-Dividend Date Scheduled for November 18, 2016” on November 17, 2016, also Forbes.com with their article: “Vermilion Energy (VET) Shares Cross 6% Yield Mark” published on July 25, 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) were released by: Prnewswire.com and their article: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for December 15, 2016 …” published on November 10, 2016 as well as Prnewswire.com‘s news article titled: “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 $5.87 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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