Vermilion Energy (NYSE:VET) Upgraded at StockNews.com

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Other analysts have also issued reports about the stock. National Bank Financial raised their price objective on shares of Vermilion Energy from C$34.00 to C$53.00 in a report on Thursday, April 14th. Stifel Nicolaus reduced their price target on shares of Vermilion Energy from C$34.00 to C$33.50 in a research report on Tuesday, March 29th. Scotiabank raised their price target on shares of Vermilion Energy from C$27.00 to C$30.00 in a research report on Monday, April 18th. Royal Bank of Canada lifted their target price on shares of Vermilion Energy from C$26.00 to C$28.00 in a research report on Friday, April 29th. Finally, Raymond James dropped their price target on shares of Vermilion Energy from C$38.00 to C$35.00 in a research note on Tuesday, March 29th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $29.00.

Vermilion Energy stock opened at $19.91 on Wednesday. The stock has a market cap of $3.29 billion, a P/E ratio of 4.40 and a beta of 2.46. Vermilion Energy has a fifty-two week low of $5.51 and a fifty-two week high of $23.93. The firm’s fifty day moving average price is $20.70 and its 200-day moving average price is $16.56. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.50 and a current ratio of 0.52.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last released its earnings results on Monday, March 7th. The oil and gas company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.42. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. The business had revenue of $611.07 million for the quarter. During the same period in the prior year, the company earned ($0.21) EPS. Sell-side analysts predict that Vermilion Energy will post 4.91 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC increased its position in shares of Vermilion Energy by 480.3% during the fourth quarter. Acadian Asset Management LLC now owns 2,270,235 shares of the oil and gas company’s stock valued at $28,558,000 after acquiring an additional 1,879,004 shares during the last quarter. Penbrook Management LLC grew its holdings in shares of Vermilion Energy by 19.8% in the fourth quarter. Penbrook Management LLC now owns 86,950 shares of the oil and gas company’s stock valued at $1,095,000 after purchasing an additional 14,400 shares in the last quarter. Renaissance Group LLC purchased a new position in Vermilion Energy in the third quarter worth approximately $821,000. American Century Companies Inc. lifted its stake in Vermilion Energy by 12.7% in the third quarter. American Century Companies Inc. now owns 244,606 shares of the oil and gas company’s stock worth $2,418,000 after acquiring an additional 27,537 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Vermilion Energy by 2,345.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,059,424 shares of the oil and gas company’s stock worth $30,262,000 after acquiring an additional 2,934,324 shares during the last quarter. Institutional investors and hedge funds own 25.59% of the company’s stock.

About Vermilion Energy (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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