Vermilion Energy (NYSE:VET) Stock Price Down 5.7% – Here’s Why

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) dropped 5.7% during trading on Monday. The stock traded as low as $12.69 and last traded at $12.9130. 291,549 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,754,370 shares. The stock had previously closed at $13.69.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a report on Monday, October 19th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Vermilion Energy in a research report on Friday, October 9th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Finally, TD Securities restated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vermilion Energy currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Trading Down 7.6%

The stock has a market capitalization of $1.92 billion, a PE ratio of -5.97 and a beta of 0.52. The firm has a 50-day moving average price of $12.62 and a 200-day moving average price of $11.57. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

Institutional Trading of Vermilion Energy

A number of large investors have recently added to or reduced their stakes in the stock. Canoe Financial LP purchased a new position in Vermilion Energy in the third quarter valued at about $15,517,000. Drum Hill Capital LLC increased its stake in shares of Vermilion Energy by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock worth $4,238,000 after purchasing an additional 2,587 shares during the last quarter. Gold Investment Management Ltd. increased its stake in shares of Vermilion Energy by 1,493.3% during the 3rd quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 4,480 shares during the last quarter. Engineers Gate Manager LP raised its holdings in shares of Vermilion Energy by 212.3% in the 2nd quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock worth $1,615,000 after purchasing an additional 117,219 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in Vermilion Energy by 127.7% in the second quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock valued at $1,009,000 after purchasing an additional 60,415 shares during the last quarter. 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 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.