Zacks Research Upgrades Vermilion Energy (NYSE:VET) to “Hold”

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on VET. TD Securities restated a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Finally, Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Price Performance

VET opened at $11.10 on Monday. The firm has a market capitalization of $1.70 billion, a PE ratio of -2.91 and a beta of 0.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. The business’s 50-day moving average is $12.44 and its two-hundred day moving average is $10.76. 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 released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $368.66 million. Research analysts anticipate that Vermilion Energy will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vermilion Energy

A number of large investors have recently made changes to their positions in the stock. UBS Group AG boosted 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 buying an additional 3,029,328 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Vermilion Energy in the 1st quarter valued at $31,144,000. Mackenzie Financial Corp increased its stake in shares of Vermilion Energy by 130.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock worth $26,483,000 after acquiring an additional 1,795,636 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Vermilion Energy by 7,879.7% during the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock worth $20,867,000 after purchasing an additional 1,495,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Vermilion Energy by 44.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after purchasing an additional 1,487,870 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

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).