Vermilion Energy (NYSE:VET) Downgraded by BMO Capital Markets

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by equities research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued on Friday, Marketbeat reports.

Vermilion Energy Trading Down 1.4 %

VET opened at $10.31 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of -3.71 and a beta of 1.99. Vermilion Energy has a 12 month low of $8.70 and a 12 month high of $15.56. The stock has a fifty day moving average price of $9.85 and a 200-day moving average price of $11.05.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.69). Vermilion Energy had a positive return on equity of 5.99% and a negative net margin of 41.33%. The firm had revenue of $350.04 million during the quarter, compared to the consensus estimate of $376.54 million. As a group, equities research analysts anticipate that Vermilion Energy will post 0.35 earnings per share for the current fiscal year.

Institutional Trading of Vermilion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its position in Vermilion Energy by 34.5% during the 2nd quarter. Millennium Management LLC now owns 5,484,654 shares of the oil and gas company’s stock valued at $60,359,000 after buying an additional 1,405,653 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Vermilion Energy by 243.1% during the first quarter. Oppenheimer & Co. Inc. now owns 686,712 shares of the oil and gas company’s stock valued at $8,543,000 after acquiring an additional 486,567 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Vermilion Energy during the fourth quarter valued at about $2,231,000. Quantbot Technologies LP raised its position in shares of Vermilion Energy by 901.6% in the 1st quarter. Quantbot Technologies LP now owns 166,994 shares of the oil and gas company’s stock valued at $2,077,000 after purchasing an additional 150,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Vermilion Energy by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,463,245 shares of the oil and gas company’s stock worth $38,131,000 after purchasing an additional 134,216 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.