G/M reports Desjardins Capital hiked share price to [$56) Password: Save Vermilion Energy Inc Symbol C : VET Shares Issued 107,450,084 Close 2015-03-03 C$ 56.00 Recent Sedar Documents View Original Document Globe says Vermilion Energy considered a core holding 2015-03-04 06:55 ET - In the News The Globe and Mail reports in its Wednesday, March 4, edition that Desjardins Capital Markets analyst Kristopher Zack continues to rate Vermilion Energy ($56) "hold." The Globe's David Kennedy writes in the Eye On Equities column that Mr. Zack, however, hiked his share target to $56 from $52 on the strength of the company's year-end results, and due to its "disciplined approach to operations and the global diversification of its asset base." Vermilion Energy posted solid year-end earnings that beat Desjardins's estimates. As a result of the strength, Mr. Zack continues to view the stock as a "core holding." Vermilion previously cut its 2015 capital budget by 21 per cent to reflect the price of oil, putting off planned offshore drilling in Australia and significantly reducing activities in Canada. The analyst, however, highlights the company's Brent-based exposure as a strong asset that provides a defensive position for investors. Meantime, Peters & Co. cut its rating on Vermilion to "sector perform" from "sector outperform." Analysts on average target the shares at $60.94. CIBC World Markets analyst Jeremy Kaliel was bullish on Vermilion in the Eye column on Jan. 20. It was then worth $52.55