Vermilion Energy (NYSE:VET) Raised to Buy at Zacks Investment Research

Vermilion Energy (NYSE:VET) (TSE:VET) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday, Zacks.com reports. The firm currently has a $12.00 price objective on the oil and gas company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.89% from the company’s current price.

According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “

Several other research firms also recently issued reports on VET. CIBC boosted their price objective on Vermilion Energy from C$10.00 to C$12.50 and gave the stock a “neutral” rating in a report on Wednesday, July 14th. Scotiabank boosted their price objective on Vermilion Energy from C$11.50 to C$12.50 and gave the stock a “sector perform” rating in a report on Thursday, July 15th. TD Securities dropped their target price on Vermilion Energy from C$12.00 to C$10.50 and set a “hold” rating on the stock in a report on Tuesday, August 17th. Stifel Nicolaus upped their target price on Vermilion Energy from C$11.75 to C$12.25 and gave the company a “hold” rating in a report on Thursday, September 23rd. Finally, National Bank Financial upped their target price on Vermilion Energy from C$13.50 to C$18.00 and gave the company a “sector perform” rating in a report on Wednesday, September 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Hold” and an average price target of $12.31.

NYSE VET opened at $10.63 on Thursday. The stock’s 50-day moving average price is $7.86 and its two-hundred day moving average price is $7.77. The company has a current ratio of 0.55, a quick ratio of 0.50 and a debt-to-equity ratio of 0.99. The company has a market cap of $1.72 billion, a PE ratio of 2.62 and a beta of 3.18. Vermilion Energy has a 1 year low of $2.28 and a 1 year high of $11.47.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Sunday, August 15th. The oil and gas company reported $2.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $2.77. The firm had revenue of $331.48 million for the quarter, compared to the consensus estimate of $265.00 million. Vermilion Energy had a negative return on equity of 10.13% and a net margin of 61.81%. Research analysts forecast that Vermilion Energy will post 3.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in VET. FIL Ltd bought a new stake in shares of Vermilion Energy in the 1st quarter valued at approximately $17,548,000. Bank of Montreal Can grew its stake in shares of Vermilion Energy by 76.7% in the 1st quarter. Bank of Montreal Can now owns 1,847,934 shares of the oil and gas company’s stock valued at $12,861,000 after buying an additional 801,877 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Vermilion Energy by 104.4% in the 1st quarter. Royal Bank of Canada now owns 1,461,141 shares of the oil and gas company’s stock valued at $10,637,000 after buying an additional 746,163 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Vermilion Energy by 47.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,558,607 shares of the oil and gas company’s stock worth $13,638,000 after purchasing an additional 503,828 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Vermilion Energy during the first quarter worth approximately $3,434,000. 17.67% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

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