Vermilion Energy (NYSE:VET) Raised to Hold at Wall Street Zen

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. TD Securities restated a “buy” rating on shares of Vermilion Energy in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Vermilion Energy Stock Up 2.8%

Shares of VET opened at $8.96 on Friday. The firm has a fifty day moving average price of $7.84 and a 200-day moving average price of $7.53. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.37 billion, a P/E ratio of -10.29 and a beta of 1.13. Vermilion Energy has a 12-month low of $5.14 and a 12-month high of $10.85.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The company had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. Equities research analysts expect that Vermilion Energy will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Vermilion Energy

A number of hedge funds have recently modified their holdings of VET. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Vermilion Energy by 21.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,239 shares of the oil and gas company’s stock worth $596,000 after acquiring an additional 13,312 shares during the period. Scotia Capital Inc. increased its position in Vermilion Energy by 18.7% during the third quarter. Scotia Capital Inc. now owns 53,123 shares of the oil and gas company’s stock worth $414,000 after purchasing an additional 8,367 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Vermilion Energy during the third quarter worth about $1,332,000. BNP Paribas Financial Markets boosted its holdings in Vermilion Energy by 121.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 28,834 shares of the oil and gas company’s stock valued at $225,000 after purchasing an additional 15,787 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Vermilion Energy by 2.5% in the 3rd quarter. Legal & General Group Plc now owns 199,203 shares of the oil and gas company’s stock valued at $1,556,000 after purchasing an additional 4,937 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.