RBC Capital analyst Gregory Pardy maintained a Hold rating on Vermilion Energy (VET) on April 29 and set a price target of C$10.00. The company’s shares closed last Monday at $7.71.
According to TipRanks.com, Pardy is a 4-star analyst with an average return of 7.2% and a 51.1% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Suncor Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vermilion Energy with a $8.96 average price target, a 19.0% upside from current levels. In a report issued on April 15, National Bank also maintained a Hold rating on the stock with a C$10.00 price target.
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Based on Vermilion Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $348 million and GAAP net loss of $57.71 million. In comparison, last year the company earned revenue of $464 million and had a net profit of $1.48 million.
Based on the recent corporate insider activity of 168 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.
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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.