#5 - Vermillion Energy (NYSE:VET)
Another interesting place to look for stocks under $20 with the potential to double is the energy sector. I have two energy stocks on this list. The first is Vermillion Energy, Inc. (NYSE: VET), a traditional oil and gas company.
The bullish case for Vermillion Energy centers around natural gas, which accounted for 32% of the world’s energy consumption in 2021. Europe was a heavy consumer of natural gas as it looks to reduce carbon emissions. That demand is increasing as countries look for alternatives to Russian oil in lieu of the ongoing Russia-Ukraine war. Demand for natural gas is also expected to rise in some Asian countries.
If that demand plays out, then Vermillion Energy is attractively undervalued at just over 2x earnings. And with earnings expected to grow by 15%, there appears to be plenty of support for VET stock. Vermillion Energy analyst ratings on MarketBeat give the stock a 142% upside from its current price.
About Vermilion Energy
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.
Read More - Current Price
- $10.73
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 1 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
