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

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

A number of other research firms have also recently commented on VET. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Finally, ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Price Performance

NYSE:VET opened at $11.10 on Monday. Vermilion Energy has a 1-year low of $7.00 and a 1-year high of $14.82. 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 fifty day simple moving average of $12.44 and a 200 day simple moving average of $10.76. The stock has a market capitalization of $1.70 billion, a PE ratio of -2.91 and a beta of 0.29.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share 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 during the quarter, compared to the consensus estimate of $368.66 million. On average, research analysts expect that Vermilion Energy will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Vermilion Energy

A number of hedge funds and other institutional investors have recently modified their holdings of VET. Goldman Sachs Group Inc. lifted its holdings in shares of Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after buying an additional 553,281 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Vermilion Energy by 197.1% during the second quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock worth $5,051,000 after buying an additional 460,247 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Vermilion Energy during the second quarter worth $573,000. Invesco Ltd. lifted its holdings in shares of Vermilion Energy by 20.0% during the second quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock worth $929,000 after buying an additional 21,268 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Vermilion Energy by 31.3% in the second quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company’s stock valued at $4,638,000 after purchasing an additional 151,895 shares in the last quarter. 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).