Vermilion Energy (NYSE:VET) Shares Up 7.3%

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price shot up 7.3% on Monday . The company traded as high as $7.17 and last traded at $7.16. 49,738 shares traded hands during trading, a decline of 98% from the average session volume of 2,108,532 shares. The stock had previously closed at $6.67.

A number of research firms have weighed in on VET. CIBC increased their price objective on Vermilion Energy from C$10.00 to C$12.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 14th. Stifel Nicolaus decreased their price objective on Vermilion Energy from C$12.25 to C$11.75 and set a “hold” rating for the company in a research report on Tuesday, August 17th. Zacks Investment Research cut Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 11th. TD Securities decreased their price objective on Vermilion Energy from C$12.00 to C$10.50 and set a “hold” rating for the company in a research report on Tuesday, August 17th. Finally, TheStreet raised Vermilion Energy from a “d” rating to a “c” rating in a report on Tuesday, May 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Vermilion Energy presently has an average rating of “Hold” and a consensus target price of $11.03.

The stock has a market capitalization of $1.19 billion, a PE ratio of 1.80 and a beta of 3.18. The firm has a 50 day moving average of $6.96 and a two-hundred day moving average of $7.51. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 0.99.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Sunday, August 15th. The oil and gas company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $0.02 by $2.77. Vermilion Energy had a negative return on equity of 10.13% and a net margin of 61.81%. Equities research analysts forecast that Vermilion Energy Inc. will post 3.14 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VET. Venture Visionary Partners LLC purchased a new position in Vermilion Energy during the second quarter worth $43,000. Schonfeld Strategic Advisors LLC purchased a new position in Vermilion Energy during the first quarter worth $88,000. Veriti Management LLC purchased a new position in Vermilion Energy during the second quarter worth $92,000. LPL Financial LLC purchased a new position in Vermilion Energy during the second quarter worth $94,000. Finally, Sigma Planning Corp purchased a new position in Vermilion Energy during the second quarter worth $108,000. 17.67% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy (NYSE:VET)

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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