In a report released today, Jeremy Mccrea from Raymond James maintained a Buy rating on Vermilion Energy (VET – Research Report), with a price target of C$24.00. The company’s shares opened today at $10.65.
Mccrea covers the Energy sector, focusing on stocks such as Obsidian Energy, Crescent Point Energy, and Whitecap Resources. According to TipRanks, Mccrea has an average return of 10.8% and a 46.34% success rate on recommended stocks.
In addition to Raymond James, Vermilion Energy also received a Buy from J.P. Morgan’s Arun Jayaram in a report issued on January 16. However, on the same day, Scotiabank maintained a Hold rating on Vermilion Energy (NYSE: VET).
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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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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