Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Vermilion Energy Inc.
  6. News
  7. Summary
    VET   CA9237251058

VERMILION ENERGY INC.

(VET)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toronto index rebounds as energy stocks jump

11/29/2021 | 09:57am EST

Nov 29 (Reuters) - Canada's main stock index rebounded on Monday, after posting its biggest decline in more than a year in the previous session, as a near 5% jump in crude prices lifted energy stocks.

At 9:44 a.m. ET (14:44 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 86.7 points, or 0.41%, at 21,212.6.

The energy sector climbed 1.6%, gaining its footing after recording the worst session since Dec. 2020 on Friday.

Crude prices jumped as investors looked at the Omicron coronavirus variant concerns that led to a drop in oil and financial markets on Friday as exaggerated.

Sentiment in global markets improved as investors waited for more details to assess the severity of the Omicron coronavirus variant on the world economy.

"While market participants continue to have more questions than answers for the moment, the general tone coming into the new week certainly feels a lot less panicky," said Arthur Hogan, chief market strategist at National Securities in New York.

The benchmark equity index's record-breaking rally paused in the last few weeks as weakness in commodities and concerns around COVID-19 resurgence in Europe dented sentiment. However, the index was set to end the month in positive territory with consumer discretionary stocks and miners leading gains.

The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.5%.

On the economic front, producer prices in Canada rose by 1.3% in October from September on higher prices for energy and petroleum products, Statistics Canada said.

Meanwhile, domestic investors await bank earnings this week and will be seeking more information on dividends and buybacks, as earlier this month Canadian regulators granted financial institutions approval to return more capital to shareholders.

HIGHLIGHTS

Oil producer Vermilion Energy Inc was the biggest percentage gainer on the index followed by lithium miner Lithium Americas Corp.

The TSX posted no new 52-week highs and one new low.

Across Canadian issues, there were five new 52-week highs and 13 new lows, with total volume of 46.61 million shares. (Reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LITHIUM AMERICAS CORP. 1.87% 38.22 Delayed Quote.3.80%
VERMILION ENERGY INC. 5.19% 19.88 Delayed Quote.25.03%
All news about VERMILION ENERGY INC.
01/13Vermilion Energy Price Target Increased to $20 at RBC
MT
2021RBC Raises Price Target on Vermilion Energy to CA$17 From CA$16.50, Maintains Sector Pe..
MT
2021Raymond James Adjusts Vermilion Energy's Price Target to CA$20 From CA$18, Maintains Ou..
MT
2021JPMorgan Adjusts Vermilion Energy's Price Target to CA$13 From CA$11, Maintains Underwe..
MT
2021TD Securities Upgrades Vermilion Energy to Buy From Hold, Adjusts PT to CA$17 From CA$1..
MT
2021Vermilion Energy ups stake in Corrib natural gas project off the coast of Ireland
AQ
2021Toronto index rebounds as energy stocks jump
RE
2021Toronto index rebounds as energy stocks jump
RE
2021Vermilion Energy Up 4.8% as it Boosts Its Stake In Ireland's Corrib Gas Field, Reinstat..
MT
2021VERMILION ENERGY : Announces Corrib Acquisition and 2022 Budget and Guidance - Form 6-K
PU
More news
Analyst Recommendations on VERMILION ENERGY INC.
More recommendations
Financials
Sales 2021 1 601 M 1 276 M 1 276 M
Net income 2021 926 M 738 M 738 M
Net Debt 2021 1 715 M 1 367 M 1 367 M
P/E ratio 2021 3,55x
Yield 2021 -
Capitalization 3 227 M 2 572 M 2 572 M
EV / Sales 2021 3,09x
EV / Sales 2022 2,05x
Nbr of Employees 747
Free-Float -
Chart VERMILION ENERGY INC.
Duration : Period :
Vermilion Energy Inc. Technical Analysis Chart | VET | CA9237251058 | MarketScreener
Technical analysis trends VERMILION ENERGY INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 19,88 CAD
Average target price 19,57 CAD
Spread / Average Target -1,58%
EPS Revisions
Managers and Directors
Dion Hatcher President
Lars Glemser Chief Financial Officer & Vice President
Lorenzo Donadeo Executive Chairman
Steve Reece Director-IT & Information Systems
Lawrence J. MacDonald Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
VERMILION ENERGY INC.25.03%2 572
SAUDI ARABIAN OIL COMPANY2.65%1 960 210
ROYAL DUTCH SHELL PLC12.71%189 994
TOTALENERGIES SE10.99%147 492
PETROCHINA COMPANY LIMITED11.53%145 319
PUBLIC JOINT STOCK COMPANY GAZPROM-3.22%102 796