In a report released yesterday, Gregory Pardy from RBC Capital maintained a Hold rating on Vermilion Energy (VET – Research Report), with a price target of C$20.00. The company’s shares closed yesterday at $11.76.
Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, Vermilion Energy, and MEG Energy. According to TipRanks, Pardy has an average return of 24.0% and a 66.84% success rate on recommended stocks.
In addition to RBC Capital, Vermilion Energy also received a Hold from Scotiabank’s Kevin Fisk in a report issued yesterday. However, on the same day, Stifel Nicolaus maintained a Buy rating on Vermilion Energy (NYSE: VET).
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.
