Vermilion Energy (VET) Received its Third Buy in a Row

By Carrie Williams

Analysts have been quite happy with Vermilion Energy (VETResearch Report) stock lately, as after Canaccord Genuity and Raymond James rated the stock a Buy this past month, there is another positive note, this time from GMP FirstEnergy. The company received a Buy yesterday from analyst Michael Dunn, with a C$39 price target.

According to TipRanks.com, Dunn is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.5% and a 38.5% success rate. Dunn covers the Basic Materials sector, focusing on stocks such as Painted Pony Petroleum Ltd, PrairieSky Royalty Ltd, and Birchcliff Energy Ltd.

Currently, the analyst consensus on Vermilion Energy is a Strong Buy with an average price target of C$42, implying a 22.8% upside from current levels. In a report issued on April 26, Raymond James also maintained a Buy rating on the stock with a C$45 price target.

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The company has a one-year high of C$49.67 and a one-year low of C$26.67. Currently, Vermilion Energy has an average volume of 931.2K.

Vermilion Energy, Inc.engages in the business of acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Australia, Canada, France, Ireland, Germany, United States of America, the Netherlands, and Corporate.

The company’s shares closed on Tuesday at C$34.21.