Canaccord Genuity Reaffirms Their Buy Rating on Vermilion Energy (VET)

By Ryan Adsit

The Materials sector company, Vermilion Energy (VETResearch Report), has received a rating update from a Wall Street analyst today. Analyst Dennis Fong from Canaccord Genuity rated Vermilion Energy (VETResearch Report) a Buy, setting a C$43 price target.

According to TipRanks.com, Fong is ranked 0 out of 5 stars with an average return of -5.4% and a 33.2% success rate. Fong covers the Basic Materials sector, focusing on stocks such as PrairieSky Royalty Ltd, Freehold Royalties Ltd, and Pengrowth Energy Corp.

Vermilion Energy has an analyst consensus of Strong Buy, with a price target consensus of C$48.11, implying a 54.2% upside from current levels. In a report issued on January 7, TD Securities also reiterated a Buy rating on the stock with a C$41 price target.

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Vermilion Energy’s market cap is currently C$4.65B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.84.

Vermilion Energy, Inc.engages 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’s shares closed on Thursday at C$31.19.