Vermilion Energy (NYSE:VET) Rating Increased to Strong-Buy at TD Securities

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on VET. Desjardins raised Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Weiss Ratings lowered Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Performance

NYSE VET opened at $11.04 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -2.89 and a beta of 0.31. The firm’s 50 day simple moving average is $10.64 and its 200 day simple moving average is $11.02. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The firm had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV lifted its stake in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 1,289 shares during the period. Pictet Asset Management Holding SA grew its stake in Vermilion Energy by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock worth $218,000 after purchasing an additional 1,430 shares during the period. EverSource Wealth Advisors LLC grew its stake in Vermilion Energy by 251.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,714 shares during the period. State of Wyoming increased its holdings in Vermilion Energy by 24.3% in the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in Vermilion Energy by 3.2% in the fourth quarter. Osaic Holdings Inc. now owns 62,979 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 1,950 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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).