ATB Cormark Capital Markets Upgrades Vermilion Energy (NYSE:VET) to “Moderate Buy”

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by equities research analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a research note issued on Friday,Zacks.com reports.

Other research analysts have also issued reports about the company. Zacks Research raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Royal Bank Of Canada increased their price objective on shares of Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Vermilion Energy presently has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Trading Up 4.8%

Vermilion Energy stock opened at $13.92 on Friday. The stock has a 50-day simple moving average of $10.93 and a 200 day simple moving average of $9.14. The stock has a market capitalization of $2.13 billion, a P/E ratio of -4.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.84. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $334.64 million for the quarter, compared to analyst estimates of $384.74 million. Analysts expect that Vermilion Energy will post 0.22 earnings per share for the current year.

Institutional Trading of Vermilion Energy

Several institutional investors have recently added to or reduced their stakes in the company. Flax Pond Capital LLC acquired a new position in Vermilion Energy in the 4th quarter valued at $2,408,000. Invesco Ltd. lifted its holdings in shares of Vermilion Energy by 6.1% during the fourth quarter. Invesco Ltd. now owns 93,694 shares of the oil and gas company’s stock worth $781,000 after buying an additional 5,359 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of 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 acquiring an additional 1,289 shares during the period. Mackenzie Financial Corp boosted its position in shares of Vermilion Energy by 130.2% in the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock valued at $26,483,000 after acquiring an additional 1,795,636 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Vermilion Energy in the fourth quarter valued at about $448,000. 31.91% of the stock is currently owned by institutional investors.

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).