Vermilion Energy Inc. (NYSE:VET) Given Consensus Recommendation of “Hold” by Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company.

A number of equities analysts recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Finally, Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st.

Vermilion Energy Price Performance

NYSE:VET opened at $10.62 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $9.25 and its 200 day moving average price is $8.43. Vermilion Energy has a 52-week low of $5.14 and a 52-week high of $10.92. The firm has a market cap of $1.62 billion, a P/E ratio of -9.65 and a beta of 0.69.

Hedge Funds Weigh In On Vermilion Energy

Several institutional investors and hedge funds have recently bought and sold shares of VET. Goldman Sachs Group Inc. grew its holdings in shares of 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 valued at $13,207,000 after acquiring an additional 553,281 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Vermilion Energy by 105.9% in the second quarter. Y Intercept Hong Kong Ltd now owns 43,243 shares of the oil and gas company’s stock worth $315,000 after purchasing an additional 22,236 shares during the period. Savant Capital LLC acquired a new position in shares of Vermilion Energy during the second quarter worth approximately $82,000. Pekin Hardy Strauss Inc. raised its stake in Vermilion Energy by 385.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 95,875 shares of the oil and gas company’s stock valued at $699,000 after purchasing an additional 76,125 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Vermilion Energy by 59.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,117,100 shares of the oil and gas company’s stock valued at $8,159,000 after buying an additional 417,200 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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).