Vermilion Energy (NYSE:VET) Rating Lowered to “Buy” at Wall Street Zen

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently weighed in on the stock. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, October 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Monday, October 19th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Vermilion Energy in a research report on Friday, October 9th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Trading Up 0.1%

Shares of NYSE VET opened at $10.46 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. Vermilion Energy has a 12 month low of $7.76 and a 12 month high of $14.82. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -4.58 and a beta of 0.52. The business has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $11.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.43). The company had revenue of $417.06 million during the quarter, compared to analysts’ expectations of $332.96 million. Vermilion Energy had a positive return on equity of 4.25% and a negative net margin of 22.78%.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds have recently added to or reduced their stakes in the company. Canoe Financial LP bought a new stake in Vermilion Energy in the third quarter worth $15,517,000. Drum Hill Capital LLC increased its position in Vermilion Energy by 0.7% during the third quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock worth $4,238,000 after buying an additional 2,587 shares during the last quarter. Gold Investment Management Ltd. raised its holdings in Vermilion Energy by 1,493.3% during the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 4,480 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Vermilion Energy by 212.3% during the second quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock valued at $1,615,000 after buying an additional 117,219 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in Vermilion Energy by 127.7% during the second quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock valued at $1,009,000 after buying an additional 60,415 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.