Vermilion Energy (NYSE:VET) Stock Rating Upgraded by ATB Cormark Capital Markets

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by equities researchers at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other equities research analysts have also commented on VET. Wall Street Zen lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. TD Securities restated a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Zacks Research raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Finally, Royal Bank Of Canada lifted their price objective on Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Vermilion Energy has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Price Performance

Shares of VET opened at $13.92 on Friday. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $14.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.84 and a quick ratio of 0.76. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of -4.55 and a beta of 0.61. The business has a 50-day moving average of $10.93 and a 200-day moving average of $9.16.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.30 by $0.33. The business had revenue of $334.64 million for the quarter, compared to analysts’ expectations of $384.74 million. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%. As a group, equities research analysts anticipate that Vermilion Energy will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Vermilion Energy

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake 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 valued at $13,207,000 after purchasing an additional 553,281 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Vermilion Energy by 197.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock worth $5,051,000 after purchasing an additional 460,247 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Vermilion Energy by 7.2% in the 2nd quarter. Legal & General Group Plc now owns 194,266 shares of the oil and gas company’s stock valued at $1,415,000 after buying an additional 13,086 shares during the period. American Century Companies Inc. grew its stake in shares of Vermilion Energy by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock valued at $23,588,000 after buying an additional 398,617 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Vermilion Energy in the 2nd quarter valued at about $573,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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).