Following these proceedings, BMO Capital Markets downgraded its Vermilion Energy Inc [VET] rating to a Market perform from a an Outperform in a research note published recently. TD Securities also remained covering VET and has increased its forecast on March 27, 2024 with a “Buy” recommendation from previously “Hold” rating. Desjardins revised its rating on November 06, 2023. It rated VET as “a Buy” which previously was an “a Hold”.
Price Performance Review of VET
On Friday, Vermilion Energy Inc [NYSE:VET] saw its stock jump 0.33% to $9.05. Over the last five days, the stock has lost -1.84%. Vermilion Energy Inc shares have fallen nearly -3.72% since the year began. Nevertheless, the stocks have fallen -11.27% over the past one year. While a 52-week high of $12.79 was reached on 01/13/25, a 52-week low of $8.22 was recorded on 02/03/25. SMA at 50 days reached $9.64, while 200 days put it at $10.35.
Levels Of Support And Resistance For VET Stock
The 24-hour chart illustrates a support level at 8.99, which if violated will result in even more drops to 8.92. On the upside, there is a resistance level at 9.14. A further resistance level may holdings at 9.22. The Relative Strength Index (RSI) on the 14-day chart is 36.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.80%. Stochastics %K at 14.46% indicates the stock is a buying.
How much short interest is there in Vermilion Energy Inc?
A steep rise in short interest was recorded in Vermilion Energy Inc stocks on 2024-12-31, growing by 1.91 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2023-11-15 was 2.69 million shares. There was a rise of 41.49%, which implies that there is a positive sentiment for the stock.
