Desjardins Thinks Vermilion Energy’s Stock is Going to Recover

By Austin Angelo

Vermilion Energy (TSX: VET), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Justin Bouchard from Desjardins reiterated a Buy rating, with a C$60 price target.

According to TipRanks.com, Bouchard is ranked 0 out of 5 stars with an average return of -8.9% and a 33.0% success rate. Bouchard covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Inter Pipeline Ltd, and Gibson Energy Inc.

Vermilion Energy has an analyst consensus of Strong Buy, with a price target consensus of C$59.81.

Vermilion Energy’s market cap is currently C$5.02B and has a P/E ratio of 0.

Vermilion Energy, Inc. is engaged 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. The company was founded by Lorenzo Donadeo and Claudio A. Ghersinich in January 1994 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $42.21, close to its 52-week low of $39.31.