Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued on Wednesday.
According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “
Separately, BidaskClub raised shares of Vermilion Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Vermilion Energy has a consensus rating of “Hold” and an average price target of $54.31.
Shares of Vermilion Energy (NYSE VET) traded up 1.8545% on Wednesday, hitting $31.4934. 27,032 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $31.85 and its 200 day moving average price is $36.43. The stock’s market cap is $3.79 billion. Vermilion Energy has a 12-month low of $29.91 and a 12-month high of $44.95.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Friday, April 28th. The oil and gas company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.40. The business had revenue of $197.63 million for the quarter. Vermilion Energy had a negative net margin of 3.22% and a negative return on equity of 1.92%. On average, equities analysts predict that Vermilion Energy will post $0.54 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in VET. Bank of Nova Scotia boosted its position in shares of Vermilion Energy by 10.0% in the first quarter. Bank of Nova Scotia now owns 238,078 shares of the oil and gas company’s stock worth $8,928,000 after buying an additional 21,547 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Vermilion Energy during the fourth quarter worth about $348,000. Gulf International Bank UK Ltd boosted its position in shares of Vermilion Energy by 8.3% in the first quarter. Gulf International Bank UK Ltd now owns 34,015 shares of the oil and gas company’s stock worth $1,273,000 after buying an additional 2,600 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Vermilion Energy by 16.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,835 shares of the oil and gas company’s stock worth $117,000 after buying an additional 405 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its position in shares of Vermilion Energy by 7.0% in the first quarter. Cidel Asset Management Inc. now owns 1,148,635 shares of the oil and gas company’s stock worth $40,384,000 after buying an additional 74,761 shares during the last quarter. Hedge funds and other institutional investors own 50.00% of the company’s stock.
Vermilion Energy Company Profile
Get a free copy of the Zacks research report on Vermilion Energy (VET)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Vermilion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vermilion Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
