According to The Fly, in a report issued on October 25, Dennis Fong from Canaccord Genuity reiterated a Buy rating on Vermilion Energy (NYSE: VET). The company’s shares closed yesterday at $26.42, close to its 52-week low of $26.05.
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.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vermilion Energy with a $41 average price target, a 55.2% upside from current levels. In a report issued on October 18, TD Securities also reiterated a Buy rating on the stock.
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The company has a one-year high of $40.59 and a one-year low of $26.05. Currently, Vermilion Energy has an average volume of 172.8K.
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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.
