Vermilion Energy (NYSE:VET) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms have also recently weighed in on VET. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $10.48 on Monday. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $10.52. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.60 billion, a PE ratio of -9.52 and a beta of 0.69. The company’s 50-day moving average price is $8.86 and its two-hundred day moving average price is $8.25.

Hedge Funds Weigh In On Vermilion Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew 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. Blue Trust Inc. lifted its holdings in shares of Vermilion Energy by 24.0% during the second quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after buying an additional 1,504 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Vermilion Energy by 160.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,728 shares of the oil and gas company’s stock worth $420,000 after purchasing an additional 35,525 shares in the last quarter. TD Asset Management Inc raised its position in shares of Vermilion Energy by 4.3% in the second quarter. TD Asset Management Inc now owns 461,032 shares of the oil and gas company’s stock valued at $3,358,000 after buying an additional 18,926 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in Vermilion Energy by 105.9% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 43,243 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 22,236 shares in the last quarter. 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).