Vermilion Energy (NYSE:VET) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Vermilion Energy received a "sell (D-)" rating from Weiss Ratings, marking concerns about the company's performance following various analyst reports.
• Despite the negative rating from Weiss, other analysts have issued mixed recommendations, with TD Securities maintaining a "buy" rating and several others issuing "hold" or "sell" ratings.
• The company reported a loss of ($0.20) EPS for its latest quarter, significantly missing consensus estimates and highlighting ongoing financial challenges.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET's stock had its "sell (d-)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

VET has been the subject of a number of other reports. TD Securities reaffirmed a "buy" rating on shares of Vermilion Energy in a report on Tuesday, September 30th. Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Desjardins downgraded Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research report on Thursday, October 16th. BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a research report on Friday, August 8th. Finally, Scotiabank restated a "sector perform" rating on shares of Vermilion Energy in a report on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Vermilion Energy has an average rating of "Hold".

Vermilion Energy Price Performance

NYSE:VET traded down $0.07 during trading hours on Friday, hitting $7.56. 319,278 shares of the company's stock traded hands, compared to its average volume of 1,217,341. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $10.85. The business's fifty day simple moving average is $7.67 and its two-hundred day simple moving average is $7.33. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. The firm has a market cap of $1.16 billion, a P/E ratio of -8.68 and a beta of 1.11.

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 negative net margin of 9.29% and a positive return on equity of 0.17%. The business had revenue of $392.33 million for the quarter, compared to the consensus estimate of $562.50 million. On average, research analysts anticipate that Vermilion Energy will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in Vermilion Energy by 49.5% in the 1st quarter. Royal Bank of Canada now owns 1,516,673 shares of the oil and gas company's stock worth $12,284,000 after acquiring an additional 502,153 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vermilion Energy by 5.7% during the first quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock valued at $51,918,000 after acquiring an additional 346,678 shares during the last quarter. Drum Hill Capital LLC boosted its holdings in shares of Vermilion Energy by 130.6% during the first quarter. Drum Hill Capital LLC now owns 310,128 shares of the oil and gas company's stock worth $2,512,000 after purchasing an additional 175,631 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Vermilion Energy in the first quarter worth about $166,000. Finally, American Century Companies Inc. grew its stake in shares of Vermilion Energy by 19.5% in the first quarter. American Century Companies Inc. now owns 2,832,829 shares of the oil and gas company's stock worth $22,934,000 after purchasing an additional 462,109 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors.

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.

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