The stock of Vermilion Energy Inc (TSE:VET) gapped up by $1.95 today and has $57.10 target or 6.00% above today’s $53.87 share price. The 9 months technical chart setup indicates low risk for the $6.26B company. The gap was reported on Nov, 30 by Barchart.com. If the $57.10 price target is reached, the company will be worth $375.60 million 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 185,962 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 24.99% since April 26, 2016 and is uptrending. It has outperformed by 19.76% 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 1.00% above today’s ($53.87) 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. Dundee Securities downgraded Vermilion Energy Inc (TSE:VET) rating on Tuesday, January 12. Dundee Securities has “Neutral” rating and $40 price target. IBC initiated Vermilion Energy Inc (TSE:VET) on Wednesday, June 15 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, August 11 by TD Securities. The rating was maintained by Scotia Capital on Wednesday, June 29 with “Outperform”. Goldman Sachs downgraded the shares of VET in a report on Thursday, November 5 to “Sell” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. Barclays Capital maintained Vermilion Energy Inc (TSE:VET) rating on Wednesday, June 29. Barclays Capital has “Overweight” rating and $45 price target.
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 $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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