TD Securities Thinks Vermilion Energy’s Stock is Going to Recover


In a new note to investors on October 18, an analyst has provided a rating update for the Materials sector company, Vermilion Energy (TSX: VET). On October 18, analyst Menno Hulshof gave a Buy rating to VET and set a C$52 price target.

According to TipRanks.com, Hulshof is ranked 0 out of 5 stars with an average return of -7.1% and a 31.4% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Continental Resources, and Crescent Point Energy.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vermilion Energy with a C$54.30 average price target, representing a 42.9% upside. In a report issued on October 5, Raymond James also maintained a Buy rating on the stock with a C$51 price target.

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Vermilion Energy’s market cap is currently C$5.79B and has a P/E ratio of 0. The company has a Price to Book ratio of 2.18.

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 Friday at C$37.99, close to its 52-week low of C$37.96.

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