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

Key Points

• Vermilion Energy has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock's performance.
• The company's recent quarterly earnings report revealed a loss of ($0.20) EPS, significantly lower than the consensus estimate, alongside a revenue shortfall of over $170 million.
• Despite the downgrade, some analysts maintain a more positive view, as evidenced by a recent upgrade from Desjardins from a "hold" to a "buy" rating.

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

A number of other research firms also recently issued reports on VET. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a research report on Friday. National Bankshares reaffirmed an "outperform" rating on shares of Vermilion Energy in a research report on Friday, April 25th. Finally, Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy presently has an average rating of "Hold".

Vermilion Energy Stock Down 0.4%

Shares of Vermilion Energy stock traded down $0.03 during trading on Friday, reaching $7.27. The stock had a trading volume of 795,013 shares, compared to its average volume of 1,284,126. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -8.36 and a beta of 1.22. The stock has a fifty day moving average price of $7.78 and a two-hundred day moving average price of $7.60. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $10.85. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The company had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. Sell-side analysts predict that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Vermilion Energy

A number of institutional investors have recently bought and sold shares of VET. LM Asset IM Inc. acquired a new position in Vermilion Energy during the fourth quarter worth approximately $18,806,000. Millennium Management LLC grew its position in shares of Vermilion Energy by 14.5% in the fourth quarter. Millennium Management LLC now owns 7,293,449 shares of the oil and gas company's stock valued at $68,608,000 after purchasing an additional 921,230 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Vermilion Energy by 764.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,900 shares of the oil and gas company's stock valued at $5,667,000 after purchasing an additional 618,900 shares during the last quarter. Banque Transatlantique SA acquired a new position in shares of Vermilion Energy in the first quarter valued at approximately $4,396,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company's stock valued at $13,207,000 after purchasing an additional 553,281 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.