As previously reported, TD Securities analyst Menno Hulshof downgraded Vermilion Energy to Hold from Buy with a price target of C$21, down from C$29, on diminished near-term European gas price upside. The firm also cites "several recent surprises," including a Wandoo platform outage in December 2022 that extends into Q2 and a Saskatchewan asset sale that reduced 2023 production guidance by 6%, and what it calls "a less certain shareholder capital returns profile."
Published first on TheFly
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- Vermilion Energy downgraded to Hold from Buy at TD Securities
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- Vermilion Energy price target lowered to C$30 from C$31 at Desjardins
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- Vermilion Energy price target lowered to C$23 from C$25 at BMO Capital
