Vermilion Energy (NYSE:VET) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded Vermilion Energy (NYSE:VET) from a "strong-buy" to a "hold" rating in its Thursday research note.
• Analyst consensus remains a Hold (2 Buys, 6 Holds, 1 Sell) with an average price target of $15.00.
• Vermilion beat EPS estimates last quarter ($0.63 vs. $0.30) but missed revenue forecasts ($334.6M vs. $384.7M) and posted a negative net margin; the stock trades around $12.42, below the $15 target and its 12‑month high of $14.82.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday,Zacks.com reports.

Several other equities research analysts have also commented on VET. Royal Bank Of Canada boosted their price objective 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. TD Securities reiterated a "hold" rating on shares of Vermilion Energy in a research note on Thursday, March 5th. ATB Cormark Capital Markets upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Friday, March 27th. Wall Street Zen upgraded Vermilion Energy from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vermilion Energy currently has a consensus rating of "Hold" and an average target price of $15.00.

Vermilion Energy Price Performance

NYSE:VET opened at $12.42 on Thursday. Vermilion Energy has a 12 month low of $5.70 and a 12 month high of $14.82. The stock has a 50 day moving average of $11.70 and a two-hundred day moving average of $9.54. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.90 billion, a P/E ratio of -4.05 and a beta of 0.42.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 EPS 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 company had revenue of $334.64 million during the quarter, compared to analyst estimates of $384.74 million. On average, analysts expect that Vermilion Energy will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Vermilion Energy by 4.6% during the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company's stock worth $64,161,000 after purchasing an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company's stock worth $58,745,000 after purchasing an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. lifted its stake in Vermilion Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company's stock worth $56,005,000 after purchasing an additional 73,242 shares in the last quarter. UBS Group AG lifted its stake in Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company's stock worth $46,645,000 after purchasing an additional 3,029,328 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company's stock worth $30,173,000 after purchasing an additional 631,655 shares in the last quarter. 31.91% of the stock is currently owned by hedge funds and other 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.