Scotiabank analyst Jason Bouvier maintained a Hold rating on Vermilion Energy (VET – Research Report) today and set a price target of C$23.00. The company’s shares closed yesterday at $12.75.
Bouvier covers the Energy sector, focusing on stocks such as Vermilion Energy, Crescent Point Energy, and Cenovus Energy. According to TipRanks, Bouvier has an average return of 19.7% and a 59.41% success rate on recommended stocks.
Currently, the analyst consensus on Vermilion Energy is a Moderate Buy with an average price target of $17.83, representing a 39.84% upside. In a report released on November 1, BMO Capital also maintained a Hold rating on the stock with a C$22.00 price target.
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Based on Vermilion Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $526.78 million and a net profit of $57.31 million. In comparison, last year the company earned a revenue of $1.05 billion and had a net profit of $271.08 million
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VET in relation to earlier this year.
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Vermilion Energy (VET) Company Description:
Vermilion Energy, Inc.engages in the business of acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Australia, Canada, France, Ireland, Germany, United States of America, the Netherlands, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A. Ghersinich in January 1994 and is headquartered in Calgary, Canada.
Read More on VET:
- Vermilion Energy Inc. Acquires Common Shares and Warrants of Coelacanth Energy Inc.
- Vermilion Energy upgraded to Buy from Hold at Desjardins
- Vermilion Energy (VET) Declares Q1 Dividend: Important Details for Shareholders
- Vermilion Energy reports Q3 EPS C$0.35 vs. C$1.65 last year
- Vermilion Energy Inc. Announces $0.10 CDN Cash Dividend for January 15, 2024 Payment Date
