Vermilion Energy (NYSE:VET) Downgraded by StockNews.com to “Hold”

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.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last announced its earnings results on Wednesday, March 8th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.19). The business had revenue of $620.75 million for the quarter. Vermilion Energy had a net margin of 43.59% and a return on equity of 25.51%. On average, analysts predict that Vermilion Energy will post 2.21 earnings per share for the current year.

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

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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.