The Globe and Mail reports in its Friday, Aug. 8, edition that BMO Capital Markets analyst Jeremy McCrea has reaffirmed his "market perform" recommendation for Vermilion Energy. The Globe's David Leeder writes that Mr. McCrea jacked his share target up by $1.50 to $10.50. Analysts on average target the shares at $13.64. Mr. McCrea says in a note: "Vermilion has seen plenty of share price volatility as uncertainties surrounding European gas prices, leverage, A&D and exploration success all weigh on investor risk appetite. Despite these headwinds, Vermilion Energy remains steadfast in building a balanced portfolio of assets. Q2 was transformative for the company with the U.S. and Saskatchewan divestments and portfolio high-grading. Furthermore, the production and cash flow beat, along with the reduction of Montney well costs, should be encouraging for investors. We are raising our target price to reflect the improved well economics and optimistic outlook." The Globe reported on May 27 that Desjardins ranked Vermilion "hold." It was then worth $9. The Globe reported on June 6 that Desjardins Securities analyst Chris MacCulloch had upgraded his rating for Vermilion Energy from "hold" to "buy." It was then worth $9.86.