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

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

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

Vermilion Energy Stock Up 1.2%

Shares of NYSE:VET opened at $11.64 on Tuesday. The business’s 50 day moving average is $9.82 and its 200 day moving average is $8.70. The stock has a market cap of $1.78 billion, a P/E ratio of -3.80 and a beta of 0.61. Vermilion Energy has a 52-week low of $5.14 and a 52-week high of $12.00. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $334.64 million during the quarter, compared to analyst estimates of $384.74 million. Sell-side analysts predict that Vermilion Energy will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Vermilion Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. lifted its position in shares of Vermilion Energy by 134.6% during the third quarter. Vontobel Holding Ltd. now owns 217,000 shares of the oil and gas company’s stock valued at $1,695,000 after buying an additional 124,500 shares during the last quarter. ARGA Investment Management LP boosted its holdings in shares of Vermilion Energy by 138.9% in the 3rd quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock valued at $823,000 after buying an additional 61,272 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Vermilion Energy by 317.5% in 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 buying an additional 1,501,741 shares during the last quarter. Aegis Financial Corp grew its position in shares of Vermilion Energy by 67.2% in the 3rd quarter. Aegis Financial Corp now owns 870,492 shares of the oil and gas company’s stock worth $6,801,000 after buying an additional 350,000 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Vermilion Energy by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock worth $23,588,000 after acquiring an additional 398,617 shares in the last quarter. Institutional investors 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).