Vermilion Energy (NYSE:VET) Stock Rating Upgraded by Zacks Research

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on VET. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Vermilion Energy presently has an average rating of “Hold”.

Vermilion Energy Trading Up 1.5%

VET opened at $10.48 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.81 and a debt-to-equity ratio of 0.49. Vermilion Energy has a 52 week low of $5.14 and a 52 week high of $10.62. The stock has a market cap of $1.60 billion, a PE ratio of -9.54 and a beta of 0.69. The business has a 50 day moving average of $8.86 and a 200-day moving average of $8.25.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently bought and sold shares of VET. Vontobel Holding Ltd. raised its holdings in shares of Vermilion Energy by 134.6% during the third quarter. Vontobel Holding Ltd. now owns 217,000 shares of the oil and gas company’s stock valued at $1,695,000 after purchasing an additional 124,500 shares during the last quarter. ARGA Investment Management LP boosted its stake in shares of Vermilion Energy by 138.9% in the 3rd quarter. ARGA Investment Management LP now owns 105,369 shares of the oil and gas company’s stock worth $823,000 after buying an additional 61,272 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Vermilion Energy by 14.1% in the second quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock worth $23,588,000 after acquiring an additional 398,617 shares during the period. Mackenzie Financial Corp lifted its holdings in Vermilion Energy by 317.5% in the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock valued at $14,423,000 after acquiring an additional 1,501,741 shares during the period. Finally, Aegis Financial Corp boosted its position in Vermilion Energy by 1,101.8% in the second quarter. Aegis Financial Corp now owns 520,492 shares of the oil and gas company’s stock worth $3,792,000 after purchasing an additional 477,184 shares during the last quarter. Institutional investors 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).