National Bank Sticks to Their Buy Rating for Vermilion Energy (VET)

In a report released yesterday, from National Bank maintained a Buy rating on Vermilion Energy, with a price target of C$27.00.

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In addition to National Bank, Vermilion Energy also received a Buy from ATB Cormark Capital Markets’s Amir Arif in a report issued on May 6. However, on April 21, Scotiabank maintained a Hold rating on Vermilion Energy (NYSE: VET).

Based on Vermilion Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$430.09 million and a GAAP net loss of C$437.65 million. In comparison, last year the company earned a revenue of C$515.72 million and had a GAAP net loss of C$18.32 million

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