Vermilion Energy Inc. (NYSE:VET) Given Consensus Rating of “Hold” by Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company.

VET has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th.

Hedge Funds Weigh In On Vermilion Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Vontobel Holding Ltd. increased its holdings in Vermilion Energy by 134.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 217,000 shares of the oil and gas company’s stock worth $1,695,000 after purchasing an additional 124,500 shares during the period. ARGA Investment Management LP grew its position in shares of Vermilion Energy by 138.9% during the 3rd quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock worth $823,000 after buying an additional 61,272 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Vermilion Energy by 317.5% during the 2nd quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock worth $14,423,000 after buying an additional 1,501,741 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Vermilion Energy by 14.1% during the second quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock valued at $23,588,000 after buying an additional 398,617 shares during the period. Finally, Aegis Financial Corp raised its holdings in shares of Vermilion Energy by 67.2% in the third quarter. Aegis Financial Corp now owns 870,492 shares of the oil and gas company’s stock valued at $6,801,000 after acquiring an additional 350,000 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $11.44 on Friday. Vermilion Energy has a 12 month low of $5.14 and a 12 month high of $12.00. The firm has a market capitalization of $1.75 billion, a P/E ratio of -10.40 and a beta of 0.61. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $9.43 and a two-hundred day simple moving average of $8.53.

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).