Vermilion Energy (NYSE:VET) Cut 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 equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

Other equities analysts also recently issued research reports about the company. National Bankshares reiterated an "outperform" rating on shares of Vermilion Energy in a research report on Friday, April 25th. BMO Capital Markets restated a "market perform" rating on shares of Vermilion Energy in a research report on Friday. Finally, Desjardins upgraded Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Vermilion Energy Price Performance

Shares of NYSE:VET traded down $0.05 during trading on Friday, reaching $7.24. The stock had a trading volume of 227,039 shares, compared to its average volume of 1,279,276. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.64 and a current ratio of 1.94. The business has a fifty day moving average price of $7.78 and a 200-day moving average price of $7.60. The stock has a market cap of $1.11 billion, a PE ratio of -8.33 and a beta of 1.22. Vermilion Energy has a 1-year low of $5.14 and a 1-year high of $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly 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). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%. The firm had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. On average, equities analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC boosted its position in shares of Vermilion Energy by 6.4% during the 1st quarter. Millennium Management LLC now owns 7,760,144 shares of the oil and gas company's stock worth $62,881,000 after acquiring an additional 466,695 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vermilion Energy by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock worth $51,918,000 after acquiring an additional 346,678 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Vermilion Energy by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company's stock worth $23,588,000 after acquiring an additional 398,617 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Vermilion Energy by 0.4% during the 1st quarter. Bank of Nova Scotia now owns 2,234,437 shares of the oil and gas company's stock worth $18,092,000 after acquiring an additional 8,154 shares in the last quarter. Finally, LM Asset IM Inc. acquired a new position in shares of Vermilion Energy during the 4th quarter worth about $18,806,000. 31.91% of the stock is owned by institutional investors and hedge funds.

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.