Vermilion Energy (NYSE:VET) Raised to Buy at Desjardins

Desjardins upgraded shares of Vermilion Energy (NYSE:VET - Free Report) TSE: VET from a hold rating to a buy rating in a research report report published on Thursday morning, MarketBeat Ratings reports.

Several other equities analysts have also recently issued reports on the stock. National Bankshares reiterated an "outperform" rating on shares of Vermilion Energy in a research note on Friday, April 25th. Atb Cap Markets cut Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Finally, Wall Street Zen cut Vermilion Energy from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold".

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock traded up $0.24 on Thursday, reaching $7.21. 1,257,600 shares of the stock were exchanged, compared to its average volume of 1,218,018. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. Vermilion Energy has a twelve month low of $5.14 and a twelve month high of $11.92. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -1.93 and a beta of 1.12. The business has a 50 day moving average price of $6.49 and a two-hundred day moving average price of $8.26.

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

Institutional Trading of Vermilion Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC increased its position in shares of Vermilion Energy by 1,123.6% in the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company's stock valued at $41,000 after buying an additional 4,000 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $94,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $103,000. Amundi grew its holdings in shares of Vermilion Energy by 74.0% during the fourth quarter. Amundi now owns 11,020 shares of the oil and gas company's stock worth $104,000 after buying an additional 4,685 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Vermilion Energy during the fourth quarter worth $104,000. 31.91% of the stock is currently 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.