
Vermilion Energy (VET) Stock Forecast & Price Target
Vermilion Energy (VET) Analyst Ratings
Bulls say
Vermilion Energy Inc. demonstrated robust performance in the fourth quarter, achieving production levels of 87,600 boe/d, which supports a positive operational outlook. The company plans to enhance its strategic position by reallocating its portfolio through non-core asset sales and targeted acquisitions, potentially increasing its operational scale in key markets. Furthermore, Vermilion's commitment to accelerate its return of capital to 50% of excess free cash flow in 2024, alongside improved infrastructure capacity to support growth initiatives, bolsters its financial strength and future prospects.
Bears say
Vermilion Energy Inc. experienced significant decreases in its 2023 proven reserves, with 1P reserves declining 14% and 2P reserves falling 18% year-over-year, leading to a reduced reserve life index (RLI) of 9 years for 1P and 14 years for 2P. Production for the fourth quarter in North America also saw a 4% sequential decline, attributed to natural production declines in Canada and the U.S. These factors, compounded by the potential for lower commodity prices impacting spending plans and cash flows, contribute to concern regarding the sustainability of Vermilion’s production levels and future profitability.
This aggregate rating is based on analysts' research of Vermilion Energy and is not a guaranteed prediction by Public.com or investment advice.
Vermilion Energy (VET) Analyst Forecast & Price Prediction
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