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Desjardins Sticks to Its Buy Rating for Vermilion Energy (VET)
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Desjardins Sticks to Its Buy Rating for Vermilion Energy (VET)

Desjardins analyst Scott Van Bolhuis maintained a Buy rating on Vermilion Energy (VETResearch Report) today and set a price target of C$21.00. The company’s shares closed today at $12.01.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vermilion Energy with a $15.31 average price target, which is a 27.48% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$22.00 price target.

Based on Vermilion Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $561.43 million and a GAAP net loss of $803.14 million. In comparison, last year the company earned a revenue of $403.24 million and had a net profit of $827.24 million

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock.

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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.

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