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Sunday, September 20, 2020

The Unprecedented Rise of Vermilion Energy Inc. (NYSE:VET)

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The Vermilion Energy Inc. (VET) shares are trading at higher $4.75 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $22.18 and the low is $1.50. Over the last 52 weeks, VET is down -78.58% while the S&P 500 is up 0.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, VET reported a profit of $-18.94 million. Vermilion Energy Inc. also saw revenues decrease to $263.45 million. In addition, VET has free cash flow of $33.36 million as of 03-2020. The company’s EBITDA came in at $98.74 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. VET has a short ratio of 2.79 and outstanding shares of 157.00M.

Company Outlook

VET has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.16 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.24. Vermilion Energy Inc. VET also noted assets of $3.26 billion at the end of the last quarter. Investors should also keep an eye on sector updates as VET has historically followed its peers on positive news.

All told, Vermilion Energy Inc. VET has strung together solid data and demonstrated underlying fundamentals. At its current valuation, VET represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Vermilion Energy Inc. VET is now commanding a market cap of 745.75M and a float of 153.23M. VET is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of VET stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in VET, either long or short, and we have not been compensated for this article.

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