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RBC Capital Sticks to Its Hold Rating for Vermilion Energy (VET)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Vermilion Energy (VETResearch Report) on July 11 and set a price target of C$34.00. The company’s shares closed last Tuesday at $18.96.

According to TipRanks.com, Pardy is a 5-star analyst with an average return of 24.1% and a 55.9% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Baytex Energy.

Vermilion Energy has an analyst consensus of Moderate Buy, with a price target consensus of $28.38.

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Based on Vermilion Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $858 million and net profit of $284 million. In comparison, last year the company earned revenue of $412 million and had a net profit of $500 million.

Based on the recent corporate insider activity of 106 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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