Raymond James Thinks Vermilion Energy’s Stock is Going to Recover

By Jason Carr

According to The Fly, in a report released today, Kurt Molnar from Raymond James upgraded Vermilion Energy (VETResearch Report) to Buy. The company’s shares opened today at $22.92, close to its 52-week low of $22.62.

According to TipRanks.com, Molnar has 0 stars on 0-5 star ranking scale with an average return of -28.6% and a 10.6% success rate. Molnar covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Birchcliff Energy Ltd, and NuVista Energy Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vermilion Energy with a $41 average price target.

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Based on Vermilion Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $11.55 million. In comparison, last year the company had a GAAP net loss of $31.27 million.

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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.