J.P. Morgan Keeps Their Sell Rating on Vermilion Energy (VET)

J.P. Morgan analyst Arun Jayaram maintained a Sell rating on Vermilion Energy (VETResearch Report) today and set a price target of C$24.00. The company’s shares closed last Wednesday at $23.25, close to its 52-week high of $25.41.

According to TipRanks.com, Jayaram is a 4-star analyst with an average return of 8.1% and a 50.9% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Antero Resources.

Currently, the analyst consensus on Vermilion Energy is a Moderate Buy with an average price target of $28.44.

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Vermilion Energy’s market cap is currently $3.74B and has a P/E ratio of 4.91.

Based on the recent corporate insider activity of 99 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, 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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