Vermilion Energy (NYSE:VET) Shares Down 5.7% – Should You Sell?

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) dropped 5.7% during trading on Monday. The stock traded as low as $12.69 and last traded at $12.9130. 291,549 shares traded hands during trading, a decline of 83% from the average daily volume of 1,754,370 shares. The stock had previously closed at $13.69.

Analysts Set New Price Targets

VET has been the topic of a number of research reports. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a report on Monday, October 19th. Finally, TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Down 9.1%

The business has a 50-day simple moving average of $12.62 and a 200-day simple moving average of $11.61. The company has a market cap of $1.71 billion, a PE ratio of -5.31 and a beta of 0.52. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.43). Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds have recently modified their holdings of the business. Canoe Financial LP acquired a new stake in shares of Vermilion Energy in the 3rd quarter worth $15,517,000. Drum Hill Capital LLC lifted its holdings in shares of Vermilion Energy by 0.7% in the 3rd quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock worth $4,238,000 after acquiring an additional 2,587 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in Vermilion Energy by 1,493.3% during the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,480 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Vermilion Energy by 212.3% during the 2nd quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock worth $1,615,000 after acquiring an additional 117,219 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Vermilion Energy by 127.7% in the second quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock valued at $1,009,000 after purchasing an additional 60,415 shares during the period. 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 natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.