Vermilion Energy (VET) Lowered to “Sell” at Zacks Investment Research

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

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 brokerages have also recently commented on VET. Bank of America initiated coverage on shares of Vermilion Energy in a research note on Tuesday, September 18th. They set a “buy” rating and a $41.00 price objective for the company. Credit Suisse Group raised shares of Vermilion Energy from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 11th. Canaccord Genuity reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, October 30th. ValuEngine cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 4th. Finally, Raymond James reaffirmed a “buy” rating on shares of Vermilion Energy in a research note on Sunday, October 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.50.

NYSE:VET traded up $0.05 during mid-day trading on Wednesday, hitting $25.66. 133,820 shares of the stock traded hands, compared to its average volume of 351,579. The stock has a market cap of $3.96 billion, a P/E ratio of 50.31 and a beta of 0.84. Vermilion Energy has a 12-month low of $25.44 and a 12-month high of $40.59. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.73.

A number of institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in Vermilion Energy by 524.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,055,327 shares of the oil and gas company’s stock valued at $146,158,000 after purchasing an additional 3,405,471 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Vermilion Energy by 30.0% in the 2nd quarter. TD Asset Management Inc. now owns 3,910,122 shares of the oil and gas company’s stock worth $140,925,000 after acquiring an additional 901,551 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Vermilion Energy by 21.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,451,490 shares of the oil and gas company’s stock worth $124,764,000 after acquiring an additional 612,118 shares during the last quarter. Fiera Capital Corp lifted its holdings in shares of Vermilion Energy by 43.9% in the 2nd quarter. Fiera Capital Corp now owns 1,841,037 shares of the oil and gas company’s stock worth $66,401,000 after acquiring an additional 562,010 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Vermilion Energy by 23.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,639,773 shares of the oil and gas company’s stock worth $52,931,000 after acquiring an additional 309,561 shares during the last quarter. Institutional investors and hedge funds own 53.11% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

Featured Story: How a Put Option Works

Get a free copy of the Zacks research report on Vermilion Energy (VET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vermilion Energy (NYSE:VET)

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.


Leave a Reply