Vermilion Energy (NYSE:VET) Shares Gap Up - Time to Buy?

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET shares gapped up prior to trading on Friday . The stock had previously closed at $7.92, but opened at $8.28. Vermilion Energy shares last traded at $8.18, with a volume of 636,249 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VET shares. National Bankshares reissued an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Wall Street Zen cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Desjardins raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vermilion Energy currently has a consensus rating of "Hold".

Vermilion Energy Stock Performance

The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -2.20 and a beta of 1.13. The stock's 50 day moving average price is $6.59 and its two-hundred day moving average price is $8.15.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.10). The company had revenue of $395.26 million for the quarter, compared to analyst estimates of $569.00 million. Vermilion Energy had a positive return on equity of 6.29% and a negative net margin of 41.53%. On average, analysts forecast that Vermilion Energy Inc. will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Vermilion Energy

Large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in Vermilion Energy by 1,123.6% in the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock valued at $41,000 after acquiring an additional 4,000 shares during the last quarter. Northern Trust Corp purchased a new position in Vermilion Energy in the 4th quarter valued at about $94,000. Citizens Financial Group Inc. RI purchased a new position in Vermilion Energy in the 4th quarter valued at about $103,000. Amundi lifted its holdings in Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock valued at $104,000 after purchasing an additional 4,685 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Vermilion Energy in the 4th quarter valued at about $104,000. 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.