Merrill Lynch Initiates a Buy Rating on Vermilion Energy (VET)


Vermilion Energy (NYSE: VET) received a Buy rating and a $41 price target from Merrill Lynch analyst Doug Leggate today. The company’s shares opened today at $32.11.

According to TipRanks.com, Leggate is a 1-star analyst with an average return of -2.6% and a 45.7% success rate. Leggate covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Chesapeake Energy.

Vermilion Energy has an analyst consensus of Moderate Buy, with a price target consensus of $41.

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The company has a one-year high of $40.59 and a one-year low of $30.17. Currently, Vermilion Energy has an average volume of 128.6K.

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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.

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