The stock of Vermilion Energy Inc (NYSE:VET) hit a new 52-week high and has $58.88 target or 45.00% above today’s $40.61 share price. The 8 months bullish chart indicates low risk for the $4.68B company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $58.88 price target is reached, the company will be worth $2.11 billion 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 62,789 shares traded hands. Vermilion Energy Inc (NYSE:VET) has risen 36.88% since March 10, 2016 and is uptrending. It has outperformed by 29.36% the S&P500.
Analysts await Vermilion Energy Inc (NYSE:VET) to report earnings on November, 7 after the close.
Vermilion Energy Inc (NYSE:VET) Ratings Coverage
Out of 2 analysts covering Vermilion Energy (NYSE:VET), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Vermilion Energy has been the topic of 2 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs to “Sell” on Thursday, November 5. The company was upgraded on Tuesday, August 11 by Desjardins Securities.
According to Zacks Investment Research, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada.”
More news for Vermilion Energy Inc (NYSE:VET) were recently published by: Prnewswire.com, which released: “Vermilion Energy Inc. Announces Farm-in Agreement in Germany” on July 28, 2015. Prnewswire.com‘s article titled: “Vermilion Energy Inc. CEO, Lorenzo Donadeo to Retire; Anthony Marino …” and published on November 30, 2015 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.