RBC Capital’s Take on This Canadian Energy Company

In a report issued on January 11, Gregory Pardy from RBC Capital maintained a Hold rating on Vermilion Energy (VET), with a price target of C$7.00. The company’s shares closed last Tuesday at $5.38.

According to TipRanks.com, Pardy is a 2-star analyst with an average return of 0.8% and a 48.8% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Baytex Energy.

Vermilion Energy has an analyst consensus of Hold, with a price target consensus of $5.01, representing a -4.6% downside. In a report issued on December 28, National Bank also maintained a Hold rating on the stock with a C$4.75 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 revenue of $306 million and GAAP net loss of $69.93 million. In comparison, last year the company earned revenue of $433 million and had a GAAP net loss of $10.23 million.

Based on the recent corporate insider activity of 159 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VET in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 was founded by Lorenzo Donadeo and Claudio A. Ghersinich in January 1994 and is headquartered in Calgary, Canada.

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