Vermilion Energy (NYSE:VET) Stock Bumped Down to "Buy" by Wall Street Zen

Key Points

• Wall Street Zen downgraded Vermilion Energy from “strong buy” to “buy.” Across analysts, the stock carries an average “hold” rating and a consensus price target of $15.
• In its latest quarter, Vermilion reported a loss of $0.16 per share, missing the $0.27-per-share consensus estimate, while revenue of $417.1 million exceeded expectations of $333 million.
• The shares opened at $10.46, below their 50-day moving average of $12.51; the company reported a market capitalization of $1.59 billion.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other research analysts also recently commented on VET. TD Securities reiterated a "buy" rating on shares of Vermilion Energy in a report on Friday, July 31st. Weiss Ratings lowered Vermilion Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, October 8th. Scotiabank reissued a "sector perform" rating on shares of Vermilion Energy in a research report on Monday, October 19th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Vermilion Energy in a report on Friday, October 9th. Finally, Desjardins upgraded Vermilion Energy to a "hold" rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $15.00.

Vermilion Energy Stock Down 0.4%

Vermilion Energy stock opened at $10.46 on Friday. The company's 50-day moving average price is $12.51 and its two-hundred day moving average price is $11.63. Vermilion Energy has a twelve month low of $7.76 and a twelve month high of $14.82. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.59 billion, a P/E ratio of -4.58 and a beta of 0.52.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data on Wednesday, November 4th. The oil and gas company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.43). The firm had revenue of $417.06 million for the quarter, compared to the consensus estimate of $332.96 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Institutional Investors Weigh In On Vermilion Energy

Several hedge funds have recently modified their holdings of VET. Canada Pension Plan Investment Board acquired a new position in Vermilion Energy in the second quarter worth about $1,100,000. Engineers Gate Manager LP boosted its position in shares of Vermilion Energy by 212.3% during the 2nd quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company's stock valued at $1,615,000 after acquiring an additional 117,219 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Vermilion Energy during the second quarter worth approximately $2,300,000. Man Group plc acquired a new position in shares of Vermilion Energy in the 2nd quarter valued at $8,039,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Vermilion Energy in the 2nd quarter valued at $12,357,000. 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 natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company's shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

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