Vermilion Energy (NYSE:VET) Sets New 1-Year High – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $10.20 and last traded at $10.0080, with a volume of 76346 shares changing hands. The stock had previously closed at $10.01.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Zacks Research downgraded shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Finally, Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Vermilion Energy Trading Up 5.0%

The stock has a market cap of $1.56 billion, a PE ratio of -9.28 and a beta of 0.69. The company’s fifty day moving average is $8.80 and its 200-day moving average is $8.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $337.28 million for the quarter, compared to analyst estimates of $373.83 million. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%. On average, analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG increased its position in shares of Vermilion Energy by 118.2% in the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after buying an additional 3,029,328 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Vermilion Energy by 317.5% during the 2nd quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock worth $14,423,000 after purchasing an additional 1,501,741 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after buying an additional 1,388,489 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after buying an additional 631,655 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position 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 valued at $13,207,000 after buying an additional 553,281 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

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).