Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The firm currently has a $39.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 5.78% from the company’s current price.

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. “

Several other research firms also recently weighed in on VET. BidaskClub upgraded Vermilion Energy from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Royal Bank Of Canada upgraded Vermilion Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $54.50.

Shares of Vermilion Energy (NYSE VET) opened at 36.87 on Wednesday. The company’s 50 day moving average price is $32.42 and its 200-day moving average price is $33.99. The firm has a market capitalization of $4.47 billion, a P/E ratio of 75.40 and a beta of 0.52. 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 released its earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.37. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. The firm had revenue of $201.70 million for the quarter. On average, equities analysts predict that Vermilion Energy will post $0.71 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Vermilion Energy by 10.4% during the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,509,460 shares of the oil and gas company’s stock worth $169,149,000 after acquiring an additional 425,590 shares during the last quarter. TD Asset Management Inc. increased its stake in Vermilion Energy by 5.1% during the second quarter. TD Asset Management Inc. now owns 2,996,119 shares of the oil and gas company’s stock worth $94,910,000 after acquiring an additional 144,333 shares during the last quarter. Guardian Capital LP increased its stake in Vermilion Energy by 71.3% during the second quarter. Guardian Capital LP now owns 2,869,750 shares of the oil and gas company’s stock worth $90,935,000 after acquiring an additional 1,194,092 shares during the last quarter. Vanguard Group Inc. increased its stake in Vermilion Energy by 5.0% during the second quarter. Vanguard Group Inc. now owns 2,589,511 shares of the oil and gas company’s stock worth $82,165,000 after acquiring an additional 124,130 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. increased its stake in Vermilion Energy by 9.2% during the second quarter. Schafer Cullen Capital Management Inc. now owns 1,817,936 shares of the oil and gas company’s stock worth $57,683,000 after acquiring an additional 152,496 shares during the last quarter. Institutional investors own 53.70% of the company’s stock.

About Vermilion Energy

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