Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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. “
Other analysts have also issued research reports about the stock. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday. ValuEngine raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, JPMorgan Chase began coverage on shares of Vermilion Energy in a research report on Monday, February 12th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.50.
Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Thursday, March 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.12). Vermilion Energy had a net margin of 5.32% and a return on equity of 4.92%. The business had revenue of $249.88 million during the quarter, compared to the consensus estimate of $244.23 million. equities analysts expect that Vermilion Energy will post 1.08 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in Vermilion Energy by 341.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,609,594 shares of the oil and gas company’s stock worth $58,460,000 after acquiring an additional 1,244,614 shares during the period. Mackenzie Financial Corp bought a new stake in Vermilion Energy during the 4th quarter worth approximately $29,252,000. Swiss National Bank increased its holdings in Vermilion Energy by 1.8% during the 4th quarter. Swiss National Bank now owns 443,400 shares of the oil and gas company’s stock worth $16,126,000 after acquiring an additional 7,700 shares during the period. AGF Investments Inc. increased its holdings in Vermilion Energy by 12.1% during the 4th quarter. AGF Investments Inc. now owns 897,437 shares of the oil and gas company’s stock worth $32,613,000 after acquiring an additional 96,841 shares during the period. Finally, Cerebellum GP LLC bought a new stake in Vermilion Energy during the 4th quarter worth approximately $1,617,000. 55.66% of the stock is currently owned by institutional investors and hedge funds.
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Vermilion Energy Company Profile
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.
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