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Vermilion Energy ( (TSE:VET) ) has provided an update.
Vermilion Energy Inc. announced the sale of 30 million common shares of Coelacanth Energy Inc. for $22.8 million, reducing its stake from 20.7% to 15.0%. This transaction aligns with Vermilion’s strategy to reduce debt and enhance business resilience, while the company retains the option to adjust its holdings based on market conditions and other factors.
The most recent analyst rating on (TSE:VET) stock is a Hold with a C$13.50 price target. To see the full list of analyst forecasts on Vermilion Energy stock, see the TSE:VET Stock Forecast page.
Spark’s Take on TSE:VET Stock
According to Spark, TipRanks’ AI Analyst, TSE:VET is a Neutral.
Vermilion Energy’s overall stock score is driven by a positive earnings call and technical analysis, indicating potential for growth and improved market sentiment. However, financial performance and valuation concerns due to negative earnings and profitability challenges weigh on the score. The attractive dividend yield and strategic initiatives provide some balance.
To see Spark’s full report on TSE:VET stock, click here.
More about Vermilion Energy
Vermilion Energy Inc. is a global gas producer focused on acquiring, exploring, and developing liquids-rich natural gas in Canada and conventional natural gas in Europe. The company optimizes low-decline oil assets and prioritizes health, safety, environmental protection, and profitability. Vermilion is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.
Average Trading Volume: 900,808
Technical Sentiment Signal: Buy
Current Market Cap: C$1.92B
See more data about VET stock on TipRanks’ Stock Analysis page.