RBC Capital Reiterates Their Buy Rating on Vermilion Energy (VET)

By Austin Angelo

Vermilion Energy (VETResearch Report) has received a rating update from a Wall Street analyst yesterday. Analyst Gregory Pardy from RBC Capital reiterated a Buy rating, with a C$40 price target.

According to TipRanks.com, Pardy ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.6% and a 36.5% success rate. Pardy covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Baytex Energy Corp, and Cenovus Energy Inc.

Currently, the analyst consensus on Vermilion Energy is a Strong Buy with an average price target of C$50.50, a 64.5% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$41 price target.


Based on Vermilion Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$15.1 million. In comparison, last year the company had a net profit of C$8.65 million.

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 Tuesday at C$30.70.