RBC Capital Sticks to Its Hold Rating for Vermilion Energy (VET)

RBC Capital analyst Gregory Pardy maintained a Hold rating on Vermilion Energy yesterday. The company’s shares closed yesterday at $8.51.

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Pardy covers the Energy sector, focusing on stocks such as Ovintiv, Canadian Natural, and Imperial Oil. According to TipRanks, Pardy has an average return of 20.2% and a 63.64% success rate on recommended stocks.

Vermilion Energy has an analyst consensus of Moderate Buy, with a price target consensus of $9.32, implying a 9.52% upside from current levels. In a report released on September 23, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a C$11.00 price target.

Based on Vermilion Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $472.31 million and a GAAP net loss of $233.46 million. In comparison, last year the company earned a revenue of $460.97 million and had a GAAP net loss of $82.43 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VET in relation to earlier this year.