Zacks Research Downgrades Vermilion Energy (NYSE:VET) to Strong Sell

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

VET has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, October 8th. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy has an average rating of “Hold”.

Vermilion Energy Price Performance

Shares of VET stock opened at $8.02 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71. The company’s 50-day simple moving average is $8.48 and its two-hundred day simple moving average is $7.98. The company has a market capitalization of $1.23 billion, a P/E ratio of -7.29 and a beta of 0.69. Vermilion Energy has a one year low of $5.14 and a one year high of $10.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $337.28 million for the quarter, compared to analysts’ expectations of $373.83 million. Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%. As a group, equities analysts anticipate that Vermilion Energy will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Vermilion Energy

A number of large investors have recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in shares of Vermilion Energy by 317.5% in the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock worth $14,423,000 after acquiring an additional 1,501,741 shares during the period. Ameriprise Financial Inc. grew its position in Vermilion Energy by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares during the period. American Century Companies Inc. raised its stake in shares of Vermilion Energy by 19.5% during the 3rd quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock valued at $30,173,000 after buying an additional 631,655 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after acquiring an additional 553,281 shares during the period. Finally, Bank of America Corp DE raised its position in Vermilion Energy by 77.1% during the second quarter. Bank of America Corp DE now owns 1,245,537 shares of the oil and gas company’s stock valued at $9,068,000 after acquiring an additional 542,352 shares in the last quarter. Hedge funds and other 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).