In a new note to investors today, an analyst has provided a rating update for Vermilion Energy (VET). GMP FirstEnergy’s analyst Michael Dunn expressed some doubt about the stock, as it was downgraded to Hold with a C$30 price target.
According to TipRanks.com, Dunn ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.1% and a 27.8% success rate. Dunn covers the Basic Materials sector, focusing on stocks such as PrairieSky Royalty Ltd, Parex Resources Inc, and Baytex Energy Corp.
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Vermilion Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$40, a 41.1% upside from current levels. In a report issued on June 14, BMO Capital also maintained a Hold rating on the stock with a C$35 price target.
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Vermilion Energy’s market cap is currently C$4.33B and has a P/E ratio of 14. 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 Friday at C$28.35, close to its 52-week low of C$26.54.
