Vermilion Energy (NYSE:VET) Shares Gap Up - Here's What Happened

Shares of Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET 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 traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VET shares. National Bankshares restated an "outperform" rating on shares of Vermilion Energy in a research report on Friday, April 25th. Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Finally, Wall Street Zen cut shares of Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Vermilion Energy currently has a consensus rating of "Hold".

Vermilion Energy Price Performance

The company has a market capitalization of $1.25 billion, a PE ratio of -2.16 and a beta of 1.13. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $6.59 and its 200-day moving average is $8.12.

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

Institutional Trading of Vermilion Energy

A number of hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 4,000 shares in the last quarter. Northern Trust Corp bought a new position in shares of Vermilion Energy during the 4th quarter valued at $94,000. Citizens Financial Group Inc. RI purchased a new position in Vermilion Energy in the 4th quarter worth $103,000. Amundi raised its position in Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after purchasing an additional 4,685 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in Vermilion Energy in the fourth quarter worth $104,000. Institutional investors 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.