Vermilion Energy (VET) Raised to Strong-Buy at Zacks Investment Research

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The firm presently has a $39.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.56% from the stock’s previous close.

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. “

A number of other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Vermilion Energy in a report on Monday. They issued an “overweight” rating on the stock. ValuEngine downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $52.00 target price on shares of Vermilion Energy in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Vermilion Energy presently has an average rating of “Buy” and an average price target of $47.83.

Shares of Vermilion Energy (VET) traded up $1.06 on Wednesday, hitting $33.75. The stock had a trading volume of 131,615 shares, compared to its average volume of 201,390. The firm has a market cap of $4,092.48, a P/E ratio of 112.60 and a beta of 0.61. Vermilion Energy has a one year low of $29.91 and a one year high of $40.62. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.84.

Several hedge funds and other institutional investors have recently made changes to their positions in VET. Advisor Group Inc. grew its stake in shares of Vermilion Energy by 173.6% in the 3rd quarter. Advisor Group Inc. now owns 3,122 shares of the oil and gas company’s stock valued at $111,000 after buying an additional 1,981 shares in the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $127,000. American International Group Inc. bought a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $204,000. Sterling Capital Management LLC bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at approximately $219,000. Finally, Koch Industries Inc. bought a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $262,000. 53.30% of the stock is owned by institutional investors and hedge funds.

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Vermilion Energy Company Profile

Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.

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