Vermilion Energy (NYSE:VET) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vermilion Energy from a "sell" to a "hold"; the stock's average analyst rating is "Hold" with a consensus price target of $15.00.
• The company reported quarterly EPS of $0.63, beating the $0.30 estimate, but revenue missed at $334.6 million versus $384.7 million and the net margin remained negative at 34.3%.
• Shares opened at $13.35 with a market cap of $2.04 billion, trading below the $15 consensus target, and institutional investors own about 31.9% of the company with several funds increasing positions in Q4.

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

Several other research firms have also weighed in on VET. ATB Cormark Capital Markets raised Vermilion Energy from a "hold" rating to a "moderate buy" rating in a research note on Friday, March 27th. Weiss Ratings reissued a "sell (d-)" rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Royal Bank Of Canada raised their price target on shares of Vermilion Energy from $14.00 to $15.00 and gave the company a "sector perform" rating in a report on Thursday, March 5th. TD Securities reaffirmed a "hold" rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of Vermilion Energy in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Vermilion Energy has an average rating of "Hold" and a consensus price target of $15.00.

Vermilion Energy Stock Down 0.2%

Shares of VET opened at $13.35 on Friday. The firm has a market cap of $2.04 billion, a PE ratio of -4.36 and a beta of 0.42. The company's fifty day moving average is $11.36 and its two-hundred day moving average is $9.35. Vermilion Energy has a fifty-two week low of $5.14 and a fifty-two week high of $14.82. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.33. The business had revenue of $334.64 million during the quarter, compared to the consensus estimate of $384.74 million. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%. Analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Vermilion Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Flax Pond Capital LLC acquired a new stake in Vermilion Energy in the fourth quarter valued at $2,408,000. Invesco Ltd. lifted its holdings in Vermilion Energy by 6.1% in the fourth quarter. Invesco Ltd. now owns 93,694 shares of the oil and gas company's stock worth $781,000 after acquiring an additional 5,359 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company's stock valued at $99,000 after acquiring an additional 1,289 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Vermilion Energy by 130.2% during the fourth quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company's stock valued at $26,483,000 after purchasing an additional 1,795,636 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Vermilion Energy during the fourth quarter valued at approximately $448,000. Institutional investors and hedge funds own 31.91% of the company's stock.

Vermilion Energy Company Profile

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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