Vermilion Energy (NYSE:VET) Upgraded at Zacks Research

Zacks Research upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. 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 reissued a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Vermilion Energy Stock Performance

Shares of VET opened at $10.53 on Monday. The stock has a market capitalization of $1.61 billion, a P/E ratio of -9.57 and a beta of 0.69. The firm’s fifty day simple moving average is $8.89 and its two-hundred day simple moving average is $8.26. 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 12 month low of $5.14 and a 12 month high of $10.62.

Institutional Trading of Vermilion Energy

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in shares of Vermilion Energy by 118.2% in the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after purchasing an additional 3,029,328 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Vermilion Energy by 317.5% in the 2nd quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock worth $14,423,000 after buying an additional 1,501,741 shares during the last quarter. Ameriprise Financial Inc. increased its position in Vermilion Energy by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after buying an additional 1,388,489 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock valued at $30,173,000 after acquiring an additional 631,655 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after buying an additional 553,281 shares during the last quarter. 31.91% of the stock is owned by institutional investors.

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).