Vermilion Energy Gets a Buy Rating from Scotiabank

By Austin Angelo

Vermilion Energy (TSX: VET), the Materials sector company, was revisited by a Wall Street analyst yesterday. Scotiabank’s analyst Patrick Bryden reiterates their Buy rating on the shares, with a C$62.50 price target.

According to TipRanks.com, Bryden is ranked 0 out of 5 stars with an average return of -12.4% and a 31.2% success rate. Bryden covers the Basic Materials sector, focusing on stocks such as Pengrowth Energy Corp, Baytex Energy Corp, and Enerplus Corp.

Currently, the analyst consensus on Vermilion Energy is Strong Buy and the average price target is C$59.81, representing a 39.3% upside.

In a report issued on June 5, Desjardins also reiterated a Buy rating on the stock with a C$60 price target.

Vermilion Energy’s market cap is currently C$5.11B 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 Thursday at $42.94.