Vermilion Energy (NYSE:VET) Rating Increased to Moderate Buy at ATB Cormark Capital Markets

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

A number of other equities analysts have also commented on VET. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. Zacks Research upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Wall Street Zen downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Performance

Shares of NYSE:VET opened at $13.92 on Friday. The company’s 50 day moving average price is $10.93 and its two-hundred day moving average price is $9.14. Vermilion Energy has a 12-month low of $5.14 and a 12-month high of $14.82. The firm has a market cap of $2.13 billion, a PE ratio of -4.55 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58.

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

Hedge Funds Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC lifted its position in shares of Vermilion Energy by 4.6% during the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after buying an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after buying an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. grew its position in Vermilion Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock valued at $56,005,000 after acquiring an additional 73,242 shares during the last quarter. UBS Group AG grew its position in Vermilion Energy by 118.2% in the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after acquiring an additional 3,029,328 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in 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 worth $30,173,000 after acquiring an additional 631,655 shares in the last quarter. Institutional investors 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).