Vermilion Energy (NYSE:VET) Reaches New 12-Month High – Here’s What Happened

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.45 and last traded at $10.40, with a volume of 1220951 shares traded. The stock had previously closed at $10.21.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Finally, Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. 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.com, the stock currently has a consensus rating of “Hold”.

Vermilion Energy Trading Up 1.9%

The company has a market cap of $1.59 billion, a P/E ratio of -9.45 and a beta of 0.69. 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 stock’s 50-day moving average is $8.83 and its two-hundred day moving average is $8.23.

Institutional Trading of Vermilion Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares during the last quarter. State of Wyoming purchased a new position in Vermilion Energy during the third quarter valued at $56,000. Blue Trust Inc. grew its holdings in Vermilion Energy by 24.0% during the second quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 1,504 shares during the period. Savant Capital LLC bought a new stake in Vermilion Energy during the second quarter valued at about $82,000. Finally, NewEdge Advisors LLC purchased a new stake in Vermilion Energy in the second quarter worth about $105,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

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).