Vermilion Energy (NYSE:VET) Raised to “Hold” at Wall Street Zen

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts also recently commented on the company. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Zacks Research downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. TD Securities restated a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Finally, Royal Bank Of Canada upped their target price on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Stock Performance

NYSE:VET opened at $11.81 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of -3.09 and a beta of 0.36. Vermilion Energy has a fifty-two week low of $6.22 and a fifty-two week high of $14.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. The business has a 50 day moving average price of $12.48 and a 200-day moving average price of $10.10.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). The company had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. Equities research analysts predict that Vermilion Energy will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On Vermilion Energy

Institutional investors have recently added to or reduced their stakes in the company. ARGA Investment Management LP grew its stake in shares of Vermilion Energy by 138.9% in the third quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock worth $823,000 after acquiring an additional 61,272 shares during the last quarter. Aegis Financial Corp grew its stake in shares of Vermilion Energy by 67.2% in the third quarter. Aegis Financial Corp now owns 870,492 shares of the oil and gas company’s stock worth $6,801,000 after acquiring an additional 350,000 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Vermilion Energy by 192.4% in the third quarter. Quantbot Technologies LP now owns 156,621 shares of the oil and gas company’s stock worth $1,225,000 after acquiring an additional 103,049 shares during the last quarter. Arbiter Partners Capital Management LLC purchased a new stake in shares of Vermilion Energy in the third quarter worth $1,957,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Vermilion Energy in the fourth quarter worth $2,656,000. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).