Vermilion Energy (NYSE:VET) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Vermilion Energy from a "hold" to a "sell" in a report published Sunday.
• The stock still carries a MarketBeat consensus rating of "Hold" with a consensus target price of $15.00 (analyst mix: 2 Buy, 6 Hold, 1 Sell).
• Vermilion beat EPS estimates ($0.63 vs. $0.30) but missed revenue ($334.6M vs. $384.7M) and reported a negative net margin of 34.3% for the quarter.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada upped their target price on Vermilion Energy from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research note on Thursday, March 5th. Zacks Research cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Weiss Ratings restated a "sell (d-)" rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. TD Securities restated a "hold" rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Finally, ATB Cormark Capital Markets upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vermilion Energy has a consensus rating of "Hold" and a consensus target price of $15.00.

Vermilion Energy Stock Performance

VET stock opened at $12.42 on Friday. The business's 50-day moving average price is $11.70 and its two-hundred day moving average price is $9.55. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. Vermilion Energy has a 1-year low of $5.70 and a 1-year high of $14.82. The firm has a market cap of $1.90 billion, a PE ratio of -4.05 and a beta of 0.42.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its earnings results on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $384.74 million. As a group, research analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VET. Flax Pond Capital LLC acquired a new stake in Vermilion Energy in the fourth quarter valued at $2,408,000. Invesco Ltd. increased its holdings in Vermilion Energy by 6.1% in the fourth quarter. Invesco Ltd. now owns 93,694 shares of the oil and gas company's stock valued at $781,000 after purchasing an additional 5,359 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings 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 purchasing an additional 1,289 shares during the period. Mackenzie Financial Corp increased its holdings in 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 purchasing an additional 1,795,636 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Vermilion Energy in the fourth quarter valued at $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).

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