Vermilion Energy (NYSE:VET) Stock Rating Lowered by Desjardins

Key Points

• Vermilion Energy has been downgraded from a "moderate buy" to a "hold" rating by Desjardins, reflecting mixed sentiments from equity analysts.
• Currently, two analysts
• The stock is trading at $7.21, having experienced a 0.9% decline, with a 12-month trading range between $5.14 and $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET was downgraded by equities researchers at Desjardins from a "moderate buy" rating to a "hold" rating in a report issued on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Scotiabank restated a "sector perform" rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. BMO Capital Markets restated a "market perform" rating on shares of Vermilion Energy in a research report on Friday, August 8th. Wall Street Zen cut shares of Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, TD Securities reiterated a "buy" rating on shares of Vermilion Energy in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Vermilion Energy Stock Down 0.9%

Vermilion Energy stock opened at $7.21 on Thursday. Vermilion Energy has a twelve month low of $5.14 and a twelve month high of $10.85. The firm has a 50 day moving average price of $7.66 and a 200-day moving average price of $7.31. The company has a market capitalization of $1.11 billion, a P/E ratio of -8.28 and a beta of 1.11. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) EPS for the quarter, missing the consensus estimate 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 business had revenue of $392.33 million during the quarter, compared to the consensus estimate of $562.50 million. As a group, equities analysts predict that Vermilion Energy will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VET. Mackenzie Financial Corp raised its holdings in Vermilion Energy by 317.5% in the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company's stock worth $14,423,000 after buying an additional 1,501,741 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Vermilion Energy by 764.1% during 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 purchased a new position in shares of Vermilion Energy during the first quarter valued at approximately $4,396,000. Goldman Sachs Group Inc. raised its holdings in shares of Vermilion Energy by 51.4% during 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. Finally, Bank of America Corp DE raised its holdings in shares of Vermilion Energy by 77.1% during the second quarter. Bank of America Corp DE now owns 1,245,537 shares of the oil and gas company's stock valued at $9,068,000 after purchasing an additional 542,352 shares during the last quarter. 31.91% of the stock is owned by hedge funds and other 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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