Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $39.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 15.45% from the stock’s current price.

According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “

VET has been the topic of a number of other reports. ValuEngine cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. JPMorgan Chase & Co. initiated coverage on shares of Vermilion Energy in a report on Monday. They issued an “overweight” rating on the stock. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $52.00 target price on shares of Vermilion Energy in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Vermilion Energy presently has an average rating of “Buy” and an average target price of $47.83.

Shares of Vermilion Energy (VET) traded up $1.09 during trading on Wednesday, hitting $33.78. 128,731 shares of the stock were exchanged, compared to its average volume of 201,390. The firm has a market cap of $4,092.48, a PE ratio of 112.20 and a beta of 0.61. Vermilion Energy has a fifty-two week low of $29.91 and a fifty-two week high of $40.62. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.84.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Vermilion Energy by 29.7% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 8,496,604 shares of the oil and gas company’s stock valued at $308,597,000 after buying an additional 1,946,504 shares during the period. TD Asset Management Inc. increased its stake in Vermilion Energy by 0.6% in the 3rd quarter. TD Asset Management Inc. now owns 3,013,884 shares of the oil and gas company’s stock valued at $106,877,000 after buying an additional 17,765 shares during the period. Vanguard Group Inc. increased its stake in Vermilion Energy by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,589,511 shares of the oil and gas company’s stock valued at $82,165,000 after buying an additional 124,130 shares during the period. The Manufacturers Life Insurance Company increased its stake in Vermilion Energy by 341.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,609,594 shares of the oil and gas company’s stock valued at $58,460,000 after buying an additional 1,244,614 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Vermilion Energy by 15.1% in the 3rd quarter. Principal Financial Group Inc. now owns 1,329,298 shares of the oil and gas company’s stock valued at $47,297,000 after buying an additional 174,236 shares during the period. 53.30% of the stock is currently owned by institutional investors.

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About Vermilion Energy

Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.

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