The stock of Vermilion Energy Inc (TSE:VET) hit a new 52-week high and has $59.01 target or 6.00% above today’s $55.67 share price. The 8 months bullish chart indicates low risk for the $6.96 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $59.01 price target is reached, the company will be worth $417.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 352,546 shares traded hands. Vermilion Energy Inc (TSE:VET) has risen 30.02% since April 27, 2016 and is uptrending. It has outperformed by 24.09% 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 -2.26% below today’s ($55.67) stock price. Vermilion Energy Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, June 29 the stock rating was maintained by Scotia Capital with “Outperform”. The stock of Vermilion Energy Inc (TSE:VET) earned “Neutral” rating by Dundee Securities on Tuesday, January 12. The stock has “Outperform” rating given by IBC on Wednesday, June 15. The stock has “Sell” rating given by Goldman Sachs on Thursday, November 5. The company was upgraded on Tuesday, August 11 by Desjardins Securities. TD Securities maintained Vermilion Energy Inc (TSE:VET) on Tuesday, August 11 with “Buy” rating. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29. The stock of Vermilion Energy Inc (TSE:VET) earned “Overweight” rating by Barclays Capital on Wednesday, June 29.
More important recent Vermilion Energy Inc (TSE:VET) news were published by: Forbes.com which released: “Ex-Div Reminder for Vermilion Energy (VET)” on October 18, 2016, also Nasdaq.com published article titled: “Vermilion Energy Inc. (VET) Ex-Dividend Date Scheduled for November 18, 2016”, Forbes.com published: “Vermilion Energy (VET) Shares Cross 6% Yield Mark” on July 25, 2016. More interesting news about Vermilion Energy Inc (TSE:VET) was released by: Prnewswire.com and their article: “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 $6.96 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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