Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “

Other research analysts have also issued research reports about the company. Scotiabank restated a “buy” rating and set a $52.50 price objective on shares of Vermilion Energy in a research report on Tuesday. BidaskClub lowered Vermilion Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, Royal Bank Of Canada upgraded Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Vermilion Energy has a consensus rating of “Hold” and an average target price of $54.10.

Vermilion Energy (NYSE VET) traded down 1.64% during trading on Thursday, reaching $33.65. The company had a trading volume of 13,141 shares. The firm’s 50-day moving average price is $34.71 and its 200 day moving average price is $33.79. The firm has a market capitalization of $4.08 billion, a P/E ratio of 65.98 and a beta of 0.53. Vermilion Energy has a one year low of $29.91 and a one year high of $44.95.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.37. The firm had revenue of $201.70 million during the quarter. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. Equities analysts forecast that Vermilion Energy will post $0.68 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in VET. Bank of New York Mellon Corp grew its position in Vermilion Energy by 9.2% in the first quarter. Bank of New York Mellon Corp now owns 161,224 shares of the oil and gas company’s stock worth $6,048,000 after acquiring an additional 13,629 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Vermilion Energy by 15.5% in the first quarter. Parametric Portfolio Associates LLC now owns 70,013 shares of the oil and gas company’s stock worth $2,626,000 after acquiring an additional 9,407 shares in the last quarter. JPMorgan Chase & Co. grew its position in Vermilion Energy by 400.8% in the first quarter. JPMorgan Chase & Co. now owns 255,843 shares of the oil and gas company’s stock worth $9,597,000 after acquiring an additional 204,760 shares in the last quarter. Neuberger Berman Group LLC grew its position in Vermilion Energy by 12.3% in the first quarter. Neuberger Berman Group LLC now owns 43,496 shares of the oil and gas company’s stock worth $1,632,000 after acquiring an additional 4,754 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Vermilion Energy by 4.7% in the first quarter. Alliancebernstein L.P. now owns 8,456 shares of the oil and gas company’s stock worth $317,000 after acquiring an additional 378 shares in the last quarter. Institutional investors own 53.57% of the company’s stock.

Vermilion Energy Company Profile

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