TD Securities Upgrades Vermilion Energy (NYSE:VET) to “Buy”

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $12.44 on Wednesday. Vermilion Energy has a one year low of $9.81 and a one year high of $15.98. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -11.21 and a beta of 2.03. The business has a 50-day simple moving average of $11.08 and a 200 day simple moving average of $12.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.10.

Institutional Trading of Vermilion Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VET. CIBC Asset Management Inc boosted its stake in shares of Vermilion Energy by 0.5% in the 2nd quarter. CIBC Asset Management Inc now owns 154,180 shares of the oil and gas company’s stock worth $1,924,000 after buying an additional 771 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Vermilion Energy by 3.9% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,928 shares of the oil and gas company’s stock worth $321,000 after acquiring an additional 828 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Vermilion Energy by 0.5% during the third quarter. Stratos Wealth Partners LTD. now owns 165,925 shares of the oil and gas company’s stock worth $2,426,000 after acquiring an additional 856 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Vermilion Energy by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 77,592 shares of the oil and gas company’s stock worth $1,493,000 after acquiring an additional 888 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Vermilion Energy by 11.0% during the second quarter. Great West Life Assurance Co. Can now owns 10,903 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 1,083 shares in the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.