Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) was upgraded by stock analysts at Desjardins to a “hold” rating in a research note issued on Thursday,Zacks.com reports.
Several other analysts have also issued reports on VET. Weiss Ratings lowered Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.
Get Our Latest Stock Report on Vermilion Energy
Vermilion Energy Trading Up 1.6%
Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). The firm had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%.
Institutional Investors Weigh In On Vermilion Energy
A number of institutional investors have recently added to or reduced their stakes in VET. UBS Group AG increased its holdings in Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after buying an additional 3,029,328 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Vermilion Energy during the 1st quarter valued at about $31,144,000. Mackenzie Financial Corp boosted its position in shares of Vermilion Energy by 130.2% during the 4th quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock valued at $26,483,000 after acquiring an additional 1,795,636 shares in the last quarter. Lazard Asset Management LLC increased its stake in Vermilion Energy by 7,879.7% in the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after acquiring an additional 1,495,008 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Vermilion Energy by 44.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after purchasing an additional 1,487,870 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.
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).
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