Vermilion Energy Inc. (NYSE:VET) Stock Rated “Hold” by Sell-Side Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.00.

VET has been the subject of several recent research reports. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. Weiss Ratings lowered Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, October 8th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Monday, October 19th. Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Vermilion Energy in a research note on Friday, October 9th.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 1,714 shares during the period. Drum Hill Capital LLC grew its position in Vermilion Energy by 0.7% in the third quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock valued at $4,238,000 after acquiring an additional 2,587 shares in the last quarter. Gold Investment Management Ltd. raised its stake in shares of Vermilion Energy by 1,493.3% during the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 4,480 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Vermilion Energy by 27.1% during the first quarter. Pictet Asset Management Holding SA now owns 33,304 shares of the oil and gas company’s stock valued at $457,000 after purchasing an additional 7,095 shares during the period. Finally, Amundi purchased a new stake in shares of Vermilion Energy during the first quarter valued at approximately $143,000. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

Shares of VET stock opened at $12.36 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.88 billion, a PE ratio of -5.85 and a beta of 0.52. The company’s fifty day simple moving average is $12.62 and its 200-day simple moving average is $11.61. Vermilion Energy has a 52 week low of $7.22 and a 52 week high of $14.82.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.