Vermilion Energy (NYSE:VET) Raised to Strong-Buy at TD Securities

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by TD Securities from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Trading Up 1.9%

VET opened at $11.24 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. Vermilion Energy has a one year low of $7.00 and a one year high of $14.82. The company has a market cap of $1.72 billion, a P/E ratio of -2.94 and a beta of 0.31. The business’s 50-day simple moving average is $10.61 and its 200-day simple moving average is $11.03.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.89). The business had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the last quarter. State of Wyoming grew its position in Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,747 shares during the last quarter. LPL Financial LLC acquired a new position in Vermilion Energy in the fourth quarter valued at $92,000. Finally, Mercer Global Advisors Inc. ADV increased its stake in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 1,289 shares during the period. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

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).