Weiss Ratings Reiterates "Sell (D-)" Rating for Vermilion Energy (NYSE:VET)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Vermilion Energy (NYSE: VET), indicating ongoing concerns about the company's stock performance.
• Despite Weiss's negative outlook, other analysts have varying ratings, with TD Securities maintaining a "Buy" rating, leading to a current consensus rating of "Hold" for the stock.
• Vermilion Energy's stock is currently trading at $8.38, down 1.6%, and has reported significantly lower earnings per share, missing estimates by $0.14 in its recent quarterly results.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET's stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

VET has been the subject of a number of other research reports. TD Securities restated a "buy" rating on shares of Vermilion Energy in a report on Tuesday, September 30th. Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, BMO Capital Markets restated a "market perform" rating on shares of Vermilion Energy in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Vermilion Energy presently has a consensus rating of "Hold".

Vermilion Energy Trading Down 1.6%

NYSE:VET traded down $0.14 during midday trading on Wednesday, hitting $8.38. The stock had a trading volume of 950,730 shares, compared to its average volume of 1,227,076. Vermilion Energy has a one year low of $5.14 and a one year high of $10.85. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -9.60 and a beta of 1.11. The stock has a 50-day moving average of $7.71 and a 200 day moving average of $7.34. 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 announced its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share (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 firm had revenue of $392.33 million during the quarter, compared to the consensus estimate of $562.50 million. As a group, sell-side analysts forecast that Vermilion Energy will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VET. Millennium Management LLC boosted its stake in shares of Vermilion Energy by 6.4% during the 1st quarter. Millennium Management LLC now owns 7,760,144 shares of the oil and gas company's stock worth $62,881,000 after acquiring an additional 466,695 shares in the last quarter. Vanguard Group Inc. raised its holdings in Vermilion Energy by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company's stock valued at $51,918,000 after acquiring an additional 346,678 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Vermilion Energy by 1.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,123,629 shares of the oil and gas company's stock valued at $44,580,000 after acquiring an additional 68,881 shares during the last quarter. American Century Companies Inc. raised its holdings in Vermilion Energy by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company's stock valued at $23,588,000 after acquiring an additional 398,617 shares during the last quarter. Finally, LM Asset IM Inc. increased its holdings in shares of Vermilion Energy by 14.3% during the 2nd quarter. LM Asset IM Inc. now owns 2,790,000 shares of the oil and gas company's stock worth $20,327,000 after buying an additional 350,000 shares during the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

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.

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