Vermilion Energy (NYSE:VET) Shares Gap Up – Time to Buy?

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) gapped up before the market opened on Monday . The stock had previously closed at $10.77, but opened at $11.65. Vermilion Energy shares last traded at $11.4860, with a volume of 1,236,867 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on VET shares. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71. The stock has a 50-day moving average price of $9.31 and a 200 day moving average price of $8.47. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -10.23 and a beta of 0.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its stake in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,289 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Vermilion Energy by 5.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 1,430 shares during the last quarter. Blue Trust Inc. raised its stake in Vermilion Energy by 18.9% in the 3rd quarter. Blue Trust Inc. now owns 9,249 shares of the oil and gas company’s stock valued at $72,000 after acquiring an additional 1,471 shares during the period. Savant Capital LLC lifted its holdings in Vermilion Energy by 14.8% during the 3rd quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 1,671 shares during the last quarter. Finally, Hilltop National Bank boosted its position in Vermilion Energy by 5.7% during the fourth quarter. Hilltop National Bank now owns 31,730 shares of the oil and gas company’s stock worth $265,000 after purchasing an additional 1,720 shares during the period. 31.91% of the stock is owned by institutional investors and hedge funds.

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).