Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.
A number of other brokerages have also weighed in on VET. TD Securities lowered Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. JPMorgan Chase & Co. raised shares of Vermilion Energy from a “neutral” rating to an “overweight” rating in a research note on Tuesday, March 14th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average price target of $32.44.
Vermilion Energy Stock Up 0.9 %
NYSE VET opened at $11.55 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.83 and a debt-to-equity ratio of 0.26. Vermilion Energy has a 52 week low of $11.31 and a 52 week high of $30.17. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 1.81 and a beta of 2.22. The company has a fifty day moving average of $12.57 and a two-hundred day moving average of $14.97.
Institutional Investors Weigh In On Vermilion Energy
Hedge funds have recently modified their holdings of the company. Covestor Ltd acquired a new position in Vermilion Energy during the first quarter worth $25,000. Optiver Holding B.V. raised its position in shares of Vermilion Energy by 68.7% during the 3rd quarter. Optiver Holding B.V. now owns 1,243 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 506 shares during the last quarter. Money Concepts Capital Corp purchased a new position in Vermilion Energy in the 4th quarter valued at about $40,000. PNC Financial Services Group Inc. boosted its holdings in Vermilion Energy by 8,245.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock worth $99,000 after buying an additional 4,700 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Vermilion Energy during the 4th quarter worth approximately $121,000. 27.94% of the stock is owned by hedge funds and other institutional investors.
About Vermilion Energy
Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.
- Get a free copy of the StockNews.com research report on Vermilion Energy (VET)
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
Receive News & Ratings for Vermilion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vermilion Energy and related companies with MarketBeat.com's FREE daily email newsletter.