Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday. The brokerage presently has a $39.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 13.31% from the company’s previous close.
According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “
Several other analysts also recently commented on VET. BidaskClub upgraded shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Royal Bank Of Canada upgraded shares of Vermilion Energy from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.50.
Vermilion Energy (NYSE:VET) opened at 34.42 on Wednesday. The company has a market cap of $4.17 billion, a P/E ratio of 70.39 and a beta of 0.52. The stock has a 50 day moving average of $32.13 and a 200-day moving average of $33.99. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $44.95.
Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.37. The company had revenue of $201.70 million during the quarter. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. Equities research analysts expect that Vermilion Energy will post $0.71 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Vermilion Energy by 145.5% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,946 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 1,746 shares during the period. BNP Paribas Arbitrage SA grew its position in Vermilion Energy by 17.9% during the second quarter. BNP Paribas Arbitrage SA now owns 3,194 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 484 shares during the period. Sei Investments Co. grew its position in Vermilion Energy by 114.2% during the second quarter. Sei Investments Co. now owns 4,657 shares of the oil and gas company’s stock valued at $148,000 after buying an additional 2,483 shares during the period. Acadian Asset Management LLC bought a new position in Vermilion Energy during the second quarter valued at about $204,000. Finally, Sterling Capital Management LLC bought a new position in Vermilion Energy during the second quarter valued at about $219,000. Institutional investors own 53.70% of the company’s stock.
Vermilion Energy Company Profile
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