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$38.00. The company’s shares opened today at $20.86.
According to TipRanks, Mccrea is a top 25 analyst with an average return of 28.7% and a 66.67% success rate. Mccrea covers the Utilities sector, focusing on stocks such as Vermilion Energy, Whitecap Resources, and Tamarack Valley Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vermilion Energy with a $29.28 average price target, representing a 40.36% upside. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$42.00 price target.
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Based on Vermilion Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $922.27 million and a net profit of $362.62 million. In comparison, last year the company earned a revenue of $437.03 million and had a net profit of $451.27 million
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 Inc. Announces Timing of Third Quarter 2022 Release and Conference Call and Webcast Details
- Vermilion Energy acquires common shares of Coelacanth Energy
- Vermilion Energy price target raised to C$50 from C$48 at National Bank
- Vermilion Energy call volume above normal and directionally bullish
- Vermilion Energy Corrects Ex-Dividend Date for the Q3 2022 Dividend Payment
