Wall Street Zen Upgrades Vermilion Energy (NYSE:VET) to “Hold”

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

A number of other research analysts also recently issued reports on the stock. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Desjardins downgraded shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, October 8th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, September 30th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Vermilion Energy Trading Down 2.1%

NYSE VET opened at $8.79 on Friday. The business has a 50 day simple moving average of $7.87 and a 200 day simple moving average of $7.56. Vermilion Energy has a one year low of $5.14 and a one year high of $10.85. The stock has a market capitalization of $1.35 billion, a P/E ratio of -10.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The business had revenue of $337.28 million during the quarter, compared to analyst estimates of $373.83 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. Research analysts expect that Vermilion Energy will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Vermilion Energy

Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 4,136 shares in the last quarter. State of Wyoming bought a new stake in shares of Vermilion Energy in the 3rd quarter worth $56,000. Blue Trust Inc. raised its holdings in shares of Vermilion Energy by 24.0% in the second quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 1,504 shares during the last quarter. Savant Capital LLC purchased a new stake in shares of Vermilion Energy in the second quarter valued at about $82,000. Finally, NewEdge Advisors LLC bought a new position in shares of Vermilion Energy during the second quarter valued at about $105,000. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.