Vermilion Energy (NYSE:VET) Rating Increased to Hold at Zacks Research

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

VET has been the topic of several other research reports. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Vermilion Energy has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Trading Down 4.4%

Shares of NYSE:VET opened at $11.10 on Monday. Vermilion Energy has a 12-month low of $7.00 and a 12-month high of $14.82. The company has a market capitalization of $1.70 billion, a PE ratio of -2.91 and a beta of 0.29. The business has a 50 day moving average of $12.44 and a two-hundred day moving average of $10.76. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after buying an additional 3,029,328 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Vermilion Energy during the first quarter valued at approximately $31,144,000. Mackenzie Financial Corp lifted its position in shares of Vermilion Energy by 130.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock valued at $26,483,000 after acquiring an additional 1,795,636 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Vermilion Energy by 7,879.7% in the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after acquiring an additional 1,495,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Vermilion Energy by 44.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after acquiring an additional 1,487,870 shares during the last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy

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).