Vermilion Energy (NYSE:VET) Stock Rating Upgraded by Wall Street Zen

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages also recently weighed in on VET. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Zacks Research lowered Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Vermilion Energy has an average rating of “Hold”.

Vermilion Energy Trading Down 2.0%

NYSE VET opened at $9.67 on Friday. The stock has a market cap of $1.48 billion, a P/E ratio of -8.79 and a beta of 0.69. The company’s fifty day simple moving average is $8.69 and its 200-day simple moving average is $8.14. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $10.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results 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). Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%. The firm had revenue of $337.28 million for the quarter, compared to analyst estimates of $373.83 million. Equities research analysts predict that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Institutional Trading of Vermilion Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the period. State of Wyoming bought a new stake in shares of Vermilion Energy during the 3rd quarter worth about $56,000. Blue Trust Inc. raised its position in shares of Vermilion Energy by 24.0% during the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after buying an additional 1,504 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Vermilion Energy in the 2nd quarter worth approximately $82,000. Finally, NewEdge Advisors LLC bought a new position in shares of Vermilion Energy in the second quarter valued at approximately $105,000. 31.91% of the stock is owned by institutional investors and hedge funds.

About Vermilion Energy

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).