AltaCorp Captial Thinks Vermilion Energy’s Stock is Going to Recover


A Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. AltaCorp Captial’s analyst Patrick O’rourke reiterates their Buy rating on the shares of Vermilion Energy (VET), with a C$40 price target.

According to TipRanks.com, O’rourke is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.8% and a 28.9% success rate. O’rourke covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Birchcliff Energy Ltd, and Vermilion Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vermilion Energy with a C$39 average price target.

Vermilion Energy’s market cap is currently C$4.33B and has a P/E ratio of 14.1. The company has a Price to Book ratio of 1.58.

Vermilion Energy, Inc.engages in the business of acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Australia, Canada, France, Ireland, Germany, United States of America, the Netherlands, and Corporate.

The company’s shares closed on Thursday at C$28.27, close to its 52-week low of C$26.54.

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