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

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

Several other equities research analysts have also recently issued reports on the company. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Zacks Research downgraded shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Finally, TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Vermilion Energy Stock Performance

Shares of NYSE VET opened at $9.67 on Friday. The company has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $8.14. 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 company has a market cap of $1.48 billion, a PE ratio of -8.79 and a beta of 0.69. Vermilion Energy has a 12 month low of $5.14 and a 12 month high of $10.11.

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 (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The firm had revenue of $337.28 million for the quarter, compared to analysts’ expectations of $373.83 million. Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%. On average, equities analysts anticipate that Vermilion Energy will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its position in Vermilion Energy by 51.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares during the period. Hilltop National Bank purchased a new position in Vermilion Energy in the second quarter valued at about $218,000. Blue Trust Inc. lifted its stake in shares of 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 worth $57,000 after purchasing an additional 1,504 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Vermilion Energy by 160.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,728 shares of the oil and gas company’s stock worth $420,000 after buying an additional 35,525 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Vermilion Energy by 4.3% in the second quarter. TD Asset Management Inc now owns 461,032 shares of the oil and gas company’s stock valued at $3,358,000 after buying an additional 18,926 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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).