Vermilion Energy (NYSE:VET) Upgraded by Desjardins to “Hold” Rating

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by analysts at Desjardins to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on VET. Weiss Ratings cut shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, six have issued 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 a consensus target price of $15.00.

Vermilion Energy Stock Performance

Shares of NYSE VET opened at $9.82 on Thursday. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82. The firm has a market cap of $1.50 billion, a P/E ratio of -2.57 and a beta of 0.31. The stock has a fifty day moving average price of $10.77 and a two-hundred day moving average price of $10.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). The firm had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 553,281 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Vermilion Energy by 197.1% in 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 during the period. Hsbc Holdings PLC acquired a new position in shares of Vermilion Energy in the second quarter worth about $573,000. Invesco Ltd. increased its position in shares of Vermilion Energy by 20.0% in the second quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock worth $929,000 after acquiring an additional 21,268 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of 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 worth $4,638,000 after acquiring 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).