Vermilion Energy (NYSE:VET) Stock Rating Upgraded by Wall Street Zen

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report released on Saturday.

VET has been the topic of several other research reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Desjardins raised Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings downgraded Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 14th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Friday. Finally, Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Trading Down 0.2%

NYSE:VET opened at $11.89 on Friday. Vermilion Energy has a one year low of $7.00 and a one year high of $14.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The company’s 50-day simple moving average is $10.42 and its 200 day simple moving average is $11.16. The firm has a market capitalization of $1.82 billion, a P/E ratio of -5.63 and a beta of 0.30.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The business had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VET. Oppenheimer & Co. Inc. purchased a new stake in Vermilion Energy during the 4th quarter valued at $2,656,000. UBS Group AG boosted its stake in shares of Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after buying an additional 3,029,328 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Vermilion Energy by 36.6% in the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock worth $13,056,000 after buying an additional 253,681 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Vermilion Energy by 7,879.7% in the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock worth $20,867,000 after acquiring an additional 1,495,008 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Vermilion Energy by 44.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after acquiring an additional 1,487,870 shares during the period. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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).