According to The Fly, in a latest note to investors, a research analyst has provided a rating update for the Vermilion Energy (TSX: VET). On October 25, analyst Dennis Fong gave a Buy rating to VET and set a C$55 price target.
According to TipRanks.com, Fong is a 1-star analyst with an average return of -0.9% and a 38.6% success rate. Fong covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vermilion Energy with a C$53.06 average price target, a 52.9% upside from current levels. In a report issued on October 18, TD Securities also reiterated a Buy rating on the stock with a C$52 price target.
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Based on Vermilion Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$15.1 million. In comparison, last year the company had a GAAP net loss of C$39.19 million.
Vermilion Energy, Inc.engages in the business of acquisition, exploration, development and production of oil and natural gas. It has operations in Australia, Canada, France, Ireland, Germany, United States of America and the Netherlands.
The company’s shares closed on Monday at C$34.70, close to its 52-week low of C$34.14.
