Stock of The Day: Is Buying 52-Week Stock Like Vermilion Energy Inc a Winning Strategy?

Stock of The Day: Is Buying 52 Week Stock Like Vermilion Energy Inc a Winning Strategy?

The stock of Vermilion Energy Inc (NYSE:VET) hit a new 52-week high and has $52.17 target or 32.00% above today’s $39.52 share price. The 9 months bullish chart indicates low risk for the $4.52 billion company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $52.17 price target is reached, the company will be worth $1.45B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.01% or $0.78 on October 3, hitting $39.52. About 266,104 shares traded hands or 157.69% up from the average. Vermilion Energy Inc (NYSE:VET) has risen 42.64% since February 29, 2016 and is uptrending. It has outperformed by 30.42% the S&P500.

Analysts await Vermilion Energy Inc (NYSE:VET) to report earnings on November, 7 after the close.

Vermilion Energy Inc (NYSE:VET) Ratings Coverage

Out of 2 analysts covering Vermilion Energy (NYSE:VET), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Vermilion Energy has been the topic of 2 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Vermilion Energy Inc (NYSE:VET) has “Sell” rating given on Thursday, November 5 by Goldman Sachs. The rating was upgraded by Desjardins Securities to “Hold” on Tuesday, August 11.

According to Zacks Investment Research, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada.”

More recent Vermilion Energy Inc (NYSE:VET) news were published by: Prnewswire.com which released: “Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for October 17, 2016 …” on September 12, 2016. Also Prnewswire.com published the news titled: “Vermilion Energy Inc. Announces Farm-in Agreement in Germany” on July 28, 2015. Prnewswire.com‘s news article titled: “Vermilion Energy Inc. CEO, Lorenzo Donadeo to Retire; Anthony Marino …” with publication date: November 30, 2015 was also an interesting one.

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