Vermilion Energy Inc. (NYSE:VET) Given Average Recommendation of “Hold” by Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have recently issued reports on VET. BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. Desjardins lowered Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Thursday, December 11th.

Vermilion Energy Trading Up 5.0%

Shares of VET stock opened at $10.21 on Monday. The business’s fifty day moving average price is $8.80 and its 200 day moving average price is $8.22. The firm has a market capitalization of $1.56 billion, a PE ratio of -9.28 and a beta of 0.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71. Vermilion Energy has a 1-year low of $5.14 and a 1-year high of $10.26.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%. The business had revenue of $337.28 million during the quarter, compared to analyst estimates of $373.83 million. As a group, sell-side analysts forecast that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in Vermilion Energy by 178.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares in the last quarter. State of Wyoming acquired a new stake in shares of Vermilion Energy during the third quarter valued at $56,000. Blue Trust Inc. boosted its stake in shares of Vermilion Energy by 24.0% during the second quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 1,504 shares during the last quarter. Savant Capital LLC purchased a new stake in Vermilion Energy during the 2nd quarter worth about $82,000. Finally, NewEdge Advisors LLC acquired a new position in Vermilion Energy in the 2nd quarter valued at about $105,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

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).