Vermilion Energy (NYSE:VET) Stock Rating Upgraded by Wall Street Zen

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

A number of other equities research analysts have also weighed in on VET. Royal Bank Of Canada boosted their price target on Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 5th. Zacks Research upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Vermilion Energy presently has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Down 0.2%

Vermilion Energy stock opened at $13.35 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.84 and a quick ratio of 0.76. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -4.36 and a beta of 0.42. Vermilion Energy has a 1-year low of $5.14 and a 1-year high of $14.82. The business has a fifty day moving average price of $11.36 and a 200-day moving average price of $9.37.

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

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors and hedge funds have recently modified their holdings of VET. Vontobel Holding Ltd. raised its position in Vermilion Energy by 134.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 217,000 shares of the oil and gas company’s stock worth $1,695,000 after buying an additional 124,500 shares during the last quarter. ARGA Investment Management LP lifted its stake in Vermilion Energy by 138.9% during the 3rd quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock valued at $823,000 after acquiring an additional 61,272 shares during the period. Aegis Financial Corp boosted its holdings in shares of Vermilion Energy by 67.2% in the 3rd quarter. Aegis Financial Corp now owns 870,492 shares of the oil and gas company’s stock valued at $6,801,000 after acquiring an additional 350,000 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Vermilion Energy by 192.4% in the 3rd quarter. Quantbot Technologies LP now owns 156,621 shares of the oil and gas company’s stock valued at $1,225,000 after acquiring an additional 103,049 shares during the last quarter. Finally, Arbiter Partners Capital Management LLC acquired a new stake in shares of Vermilion Energy in the third quarter worth $1,957,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

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).