Vermilion Energy (NYSE:VET) Raised to Strong-Buy at Zacks Research

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also commented on VET. Royal Bank Of Canada lifted their price objective on shares of Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Price Performance

NYSE:VET opened at $11.64 on Tuesday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -3.80 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.84 and a quick ratio of 0.76. The business has a 50 day simple moving average of $9.82 and a 200-day simple moving average of $8.70. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $12.00.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.33. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%.The firm had revenue of $334.64 million for the quarter, compared to the consensus estimate of $384.74 million. Equities analysts forecast that Vermilion Energy will post 0.22 EPS for the current year.

Institutional Trading of Vermilion Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of Vermilion Energy by 51.4% in the first 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 during the last quarter. Savant Capital LLC bought a new stake in Vermilion Energy during the 2nd quarter valued at about $82,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Vermilion Energy by 59.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,117,100 shares of the oil and gas company’s stock valued at $8,159,000 after buying an additional 417,200 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Vermilion Energy in the 2nd quarter valued at about $157,000. Finally, Aegis Financial Corp boosted its position in Vermilion Energy by 1,101.8% in the 2nd quarter. Aegis Financial Corp now owns 520,492 shares of the oil and gas company’s stock valued at $3,792,000 after buying an additional 477,184 shares during the period. 31.91% of the stock is currently owned by institutional investors.

About Vermilion Energy

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).