Vermilion Energy Sells 30M Coelacanth Shares for $22.8M
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 day ago0mins
- Share Sale: Vermilion Energy sold 30 million shares of Coelacanth at $0.76 per share, raising $22.8 million and reducing its ownership stake to approximately 15% of the outstanding shares.
- Debt Management: This transaction aligns with Vermilion's strategic priority to reduce debt, thereby enhancing business resilience, although it is restricted from selling more than 60 million shares in the next year without Coelacanth's consent.
- Ownership Adjustment: Prior to the sale, Vermilion held about 20.7% of Coelacanth's shares, and the reduction to 15% demonstrates the company's adaptability to changing market and economic conditions.
- Future Outlook: Vermilion will continue to evaluate its holdings in Coelacanth and may adjust its investment based on market and industry conditions, reflecting a strategic focus on capital allocation.
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Analyst Views on VET
Wall Street analysts forecast VET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VET is 9.91 USD with a low forecast of 8.93 USD and a high forecast of 10.72 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 8.990
Low
8.93
Averages
9.91
High
10.72
Current: 8.990
Low
8.93
Averages
9.91
High
10.72
Desjardins
Buy
to
Hold
downgrade
$12.50
2025-10-16
Reason
Desjardins
Price Target
$12.50
2025-10-16
downgrade
Buy
to
Hold
Reason
Desjardins downgraded Vermilion Energy to Hold from Buy with a C$12.50 price target.
TD Securities
NULL -> Buy
maintain
$12 -> $13
2025-09-30
Reason
TD Securities
Price Target
$12 -> $13
2025-09-30
maintain
NULL -> Buy
Reason
TD Securities raised the firm's price target on Vermilion Energy to C$13 from C$12 and keeps a Buy rating on the shares.
BMO Capital
Jeremy McCrea
Market Perform
maintain
$12
2025-08-08
Reason
BMO Capital
Jeremy McCrea
Price Target
$12
2025-08-08
maintain
Market Perform
Reason
BMO Capital analyst Jeremy McCrea raised the firm's price target on Vermilion Energy to C$12 from C$10.50 and keeps a Market Perform rating on the shares.
BMO Capital
Market Perform
maintain
$10
2025-06-06
Reason
BMO Capital
Price Target
$10
2025-06-06
maintain
Market Perform
Reason
BMO Capital raised the firm's price target on Vermilion Energy to C$10.50 from C$10 and keeps a Market Perform rating on the shares.
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About VET
Vermilion Energy Inc. is a Canada-based global gas producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its geographical segments include Canada, USA, France, Netherlands, Germany, Ireland, Australia, and Central & Eastern Europe (CEE). Its operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. Its Canadian production and assets are focused on West Pembina near Drayton Valley, Alberta, in the Peace River Arch in northeast British Columbia and northwest Alberta and in southeast Saskatchewan and southwest Manitoba. Its assets in France are located in Aquitaine and Paris Basins. In Netherlands, its producing assets are located in the northwest part of the country.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Why did Vermilion Energy sell 30 million Coelacanth shares?
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What could be the future implications of Vermilion's investor rights agreement?