Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other equities analysts also recently weighed in on VET. Zacks Investment Research downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 23rd. TheStreet upgraded shares of Vermilion Energy from a “d+” rating to a “c” rating in a report on Friday, March 22nd. BMO Capital Markets reiterated a “hold” rating on shares of Vermilion Energy in a report on Thursday, February 28th. Raymond James reiterated a “buy” rating on shares of Vermilion Energy in a report on Thursday, February 28th. Finally, Royal Bank of Canada reiterated an “average” rating and set a $40.00 price target on shares of Vermilion Energy in a report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Vermilion Energy has an average rating of “Hold” and a consensus price target of $38.33.
NYSE:VET opened at $27.00 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. Vermilion Energy has a twelve month low of $19.43 and a twelve month high of $37.89. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04.
Several hedge funds and other institutional investors have recently modified their holdings of VET. Proficio Capital Partners LLC grew its holdings in shares of Vermilion Energy by 36.7% during the fourth quarter. Proficio Capital Partners LLC now owns 2,077 shares of the oil and gas company’s stock worth $44,000 after buying an additional 558 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Vermilion Energy during the fourth quarter worth about $45,000. Advisor Group Inc. grew its holdings in shares of Vermilion Energy by 21.5% during the fourth quarter. Advisor Group Inc. now owns 7,047 shares of the oil and gas company’s stock worth $148,000 after buying an additional 1,248 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Vermilion Energy during the first quarter worth about $206,000. Finally, Nordea Investment Management AB purchased a new stake in shares of Vermilion Energy during the third quarter worth about $228,000. Institutional investors and hedge funds own 51.66% of the company’s stock.
Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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