Vermilion Energy Inc. (VET) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Vermilion Energy: six of nine rate it Hold, two Buy, and one Sell. Their average 12-month price target is $15.
• Recent institutional activity included new or increased positions, including Canoe Financial’s approximately $15.5 million investment; institutions and hedge funds own 31.91% of the company.
• VET opened at $12.36, within a 52-week range of $7.22 to $14.82. Its market capitalization is about $1.88 billion.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET has received a consensus rating of "Hold" from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.00.

Several brokerages recently commented on VET. Weiss Ratings lowered shares of Vermilion Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, October 8th. Desjardins raised shares of Vermilion Energy to a "hold" rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 1st. TD Securities reiterated a "buy" rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Vermilion Energy in a research note on Friday, October 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canoe Financial LP acquired a new position in shares of Vermilion Energy in the 3rd quarter valued at about $15,517,000. Drum Hill Capital LLC grew its holdings in shares of Vermilion Energy by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company's stock worth $4,238,000 after purchasing an additional 2,587 shares during the period. Gold Investment Management Ltd. increased its position in Vermilion Energy by 1,493.3% during the 3rd quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company's stock worth $54,000 after purchasing an additional 4,480 shares in the last quarter. Engineers Gate Manager LP increased its position in 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 worth $1,615,000 after purchasing an additional 117,219 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in Vermilion Energy by 127.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company's stock worth $1,009,000 after purchasing an additional 60,415 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Price Performance

VET opened at $12.36 on Wednesday. The company's 50 day simple moving average is $12.62 and its 200 day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. Vermilion Energy has a 1 year low of $7.22 and a 1 year high of $14.82. The stock has a market capitalization of $1.88 billion, a PE ratio of -5.85 and a beta of 0.52.

Vermilion Energy Company Profile

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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