Wall Street Zen Downgrades Vermilion Energy (NYSE:VET) to Sell

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Other equities analysts have also issued research reports about the company. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Royal Bank Of Canada lifted their price target on Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Finally, Zacks Research lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Performance

Shares of VET stock opened at $12.90 on Friday. Vermilion Energy has a 12 month low of $5.89 and a 12 month high of $14.82. The stock has a market cap of $1.97 billion, a PE ratio of -4.21 and a beta of 0.42. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average price is $11.77 and its 200-day moving average price is $9.59.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.33. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. The firm had revenue of $334.64 million for the quarter, compared to analysts’ expectations of $384.74 million. On average, equities analysts expect that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds have recently bought and sold shares of VET. Goldman Sachs Group Inc. raised its position in Vermilion Energy by 51.4% in the 1st 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 during the last quarter. JPMorgan Chase & Co. raised its position in Vermilion Energy by 197.1% in the 2nd 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 during the last quarter. Hsbc Holdings PLC purchased a new position in Vermilion Energy in the 2nd quarter worth about $573,000. Invesco Ltd. raised its position in Vermilion Energy by 20.0% in the 2nd 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 during the last quarter. Finally, First Trust Advisors LP raised its position in Vermilion Energy by 31.3% in the 2nd quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company’s stock worth $4,638,000 after buying an additional 151,895 shares during the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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).