In a report released today, Arun Jayaram from J.P. Morgan maintained a Hold rating on Vermilion Energy (VET – Research Report), with a price target of C$34.00. The company’s shares opened today at $20.22.
Jayaram covers the Utilities sector, focusing on stocks such as Vermilion Energy, Coterra Energy, and Devon Energy. According to TipRanks, Jayaram has an average return of 16.2% and a 62.55% success rate on recommended stocks.
In addition to J.P. Morgan, Vermilion Energy also received a Hold from RBC Capital’s Gregory Pardy in a report issued on November 11. However, on the same day, Raymond James maintained a Buy rating on Vermilion Energy (NYSE: VET).
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The company has a one-year high of $30.09 and a one-year low of $8.65. Currently, Vermilion Energy has an average volume of 2.75M.
Based on the recent corporate insider activity of 89 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, 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 price target lowered to C$31 from C$35 at RBC Capital
- Vermilion Energy price target lowered to C$42 from C$47 at Stifel
- Vermilion Energy price target lowered to C$36 from C$40 at BMO Capital
- Vermilion Energy price target lowered to C$41 from C$45 at TD Securities
- Vermilion Energy Inc. Announces $0.08 CDN Cash Dividend for January 16, 2023 Payment Date