Vermilion Energy (TSE:VET) New Coverage by JPMorgan
Research professionals at JPMorgan has started coverage on Vermilion Energy (TSE:VET) with “Overweight” rating. This was released in a report on Monday, 12 February.
After the initiation TSE:VET is currently trading -0.51% lower at $42.98 as of 6:05 PM New York time. Vermilion Energy’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has risen 6.00% in the same time.
Out of 15 brokers covering Vermilion Energy, 13 rate it a Buy, 3 indicate a Hold while 0 suggest a Sell. The highest target is $48.91 and the lowest is $38.53 according to Thomson/First Call. The 12-month mean target is $43.72, which means upside potential of 1.72% over the current price.
Vermilion Energy (TSE:VET) Profile
Vermilion Energy Inc. produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.
Vermilion Energy (TSE:VET) traded down -0.51% on 12 February, hitting $42.98. A total of 290,778 shares of the company’s stock traded hands. This is down from average of 400,701 shares. Vermilion Energy has a 52 week low of $38.33 and a 52 week high of $58.98. The company has a market cap of $5.10 billion and a P/E ratio of 71.12.
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