Wall Street Zen Downgrades Vermilion Energy (NYSE:VET) to Sell

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms also recently issued reports on VET. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Finally, Desjardins lowered Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Vermilion Energy Price Performance

Shares of NYSE VET opened at $8.72 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.81. Vermilion Energy has a one year low of $5.14 and a one year high of $10.31. The firm has a market capitalization of $1.34 billion, a P/E ratio of -7.93 and a beta of 0.69. The company’s fifty day moving average is $8.60 and its two-hundred day moving average is $8.03.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The company had revenue of $337.28 million during the quarter, compared to analysts’ expectations of $373.83 million. Vermilion Energy had a negative net margin of 12.08% and a negative return on equity of 1.90%. Analysts forecast that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Institutional Trading of Vermilion Energy

Large investors have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after purchasing an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after buying an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Vermilion Energy by 3.5% in the third quarter. Vanguard Group Inc. now owns 6,658,161 shares of the oil and gas company’s stock valued at $52,007,000 after buying an additional 222,344 shares during the last quarter. American Century Companies Inc. lifted its stake 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 buying an additional 631,655 shares during the period. Finally, LM Asset IM Inc. lifted its stake in shares of Vermilion Energy by 14.3% during the second quarter. LM Asset IM Inc. now owns 2,790,000 shares of the oil and gas company’s stock valued at $20,327,000 after buying an additional 350,000 shares during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

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).