Vermilion Energy (NYSE:VET) Upgraded 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 sent to investors on Thursday, Marketbeat.com reports.

Other research analysts have also recently issued reports about the stock. 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. 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

Vermilion Energy Price Performance

Vermilion Energy stock traded up $0.23 during mid-day trading on Thursday, reaching $7.20. The company had a trading volume of 2,434,310 shares, compared to its average volume of 1,224,128. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. The company has a market capitalization of $1.11 billion, a P/E ratio of -1.93 and a beta of 1.13. The stock's 50-day simple moving average is $6.47 and its 200-day simple moving average is $8.23.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its earnings results on Wednesday, May 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $569.00 million. On average, equities analysts predict that Vermilion Energy will post 0.22 EPS for the current year.

Institutional Trading of Vermilion Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its stake in Vermilion Energy by 4.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 27,221 shares of the oil and gas company's stock worth $256,000 after acquiring an additional 1,179 shares during the period. Arete Wealth Advisors LLC grew its stake in Vermilion Energy by 1.9% in the 4th quarter. Arete Wealth Advisors LLC now owns 108,088 shares of the oil and gas company's stock worth $1,015,000 after acquiring an additional 2,046 shares during the period. State of Wyoming grew its stake in Vermilion Energy by 14.5% in the 1st quarter. State of Wyoming now owns 18,920 shares of the oil and gas company's stock worth $153,000 after acquiring an additional 2,392 shares during the period. Geode Capital Management LLC grew its stake in Vermilion Energy by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 80,484 shares of the oil and gas company's stock worth $765,000 after acquiring an additional 3,668 shares during the period. Finally, 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 worth $41,000 after acquiring an additional 4,000 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Company Profile

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.