Scotiabank lowered the firm’s price target on Vermilion Energy (VET) to C$13 from C$17 and keeps a Sector Perform rating on the shares. The firm is updating its price targets on the Canadian E&P stocks in its coverage, the analyst tells investors. The firm expects weak global oil prices to weigh on Canadian oil benchmarks in 2025 and 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VET:
- Vermilion Energy price target lowered to C$14 from C$17 at CIBC
- Vermilion Energy Announces Q1 2025 Financial Release and AGM Details
- Vermilion Energy Announces Virtual Shareholder Meeting and Governance Updates
- Largest borrow rate increases among liquid names
- Vermilion Energy downgraded to Underweight from Overweight at JPMorgan