Vermilion Energy (NYSE:VET) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Vermilion Energy from “sell” to “hold”, adding to a mostly cautious analyst backdrop. The stock now carries an overall Hold consensus with a $15.00 price target.
• Vermilion reported a Q1 EPS loss of $0.67, well below the $0.22 estimate, even though revenue came in roughly in line at $369.04 million. The company also posted a negative net margin and negative return on equity.
• The stock was trading around $11.81, near the middle of its 52-week range of $6.22 to $14.82. Institutional ownership remains meaningful at about 31.9%, with firms like Goldman Sachs and JPMorgan increasing their stakes.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Several other analysts have also issued reports on VET. TD Securities reaffirmed a "hold" rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Scotiabank restated a "sector perform" rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. ATB Cormark Capital Markets raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Friday, March 27th. Weiss Ratings raised shares of Vermilion Energy from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, April 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of Vermilion Energy from $14.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $15.00.

Vermilion Energy Stock Down 0.5%

Shares of VET stock opened at $11.81 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.64. Vermilion Energy has a 1 year low of $6.22 and a 1 year high of $14.82. The firm's fifty day moving average price is $12.48 and its two-hundred day moving average price is $10.10. The firm has a market capitalization of $1.80 billion, a P/E ratio of -3.09 and a beta of 0.36.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. On average, equities analysts predict that Vermilion Energy will post 0.54 EPS for the current fiscal year.

Institutional Trading of Vermilion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VET. Goldman Sachs Group Inc. increased its stake in shares of Vermilion Energy by 51.4% in the 1st 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 acquiring an additional 553,281 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vermilion Energy by 197.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company's stock valued at $5,051,000 after acquiring an additional 460,247 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at $573,000. Invesco Ltd. increased its stake in shares of Vermilion Energy by 20.0% in the 2nd quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company's stock valued at $929,000 after acquiring an additional 21,268 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Vermilion Energy by 31.3% in the 2nd quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company's stock valued at $4,638,000 after acquiring an additional 151,895 shares in the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion's upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion's product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).

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