Vermilion Energy (NYSE:VET) Stock Falls 5.7% – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares dropped 5.7% on Monday. The stock traded as low as $12.69 and last traded at $12.9130. 291,549 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,754,370 shares. The stock had previously closed at $13.69.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Vermilion Energy in a research report on Friday, October 9th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Monday, October 19th. Finally, TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Performance

The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -5.97 and a beta of 0.52. The company’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $11.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90.

Institutional Trading of Vermilion Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares in the last quarter. Gold Investment Management Ltd. raised its position in Vermilion Energy by 1,493.3% in the 3rd 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 during the last quarter. Amundi purchased a new stake in Vermilion Energy in the 1st quarter valued at $143,000. Deutsche Bank AG bought a new position in Vermilion Energy during the 2nd quarter valued at $328,000. Finally, Alberta Investment Management Corp bought a new position in Vermilion Energy during the 2nd quarter valued at $383,000. 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 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.