Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have earned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $9.69.
A number of equities research analysts have weighed in on VET shares. Canaccord Genuity upgraded shares of Vermilion Energy from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, March 10th. Scotiabank lifted their price objective on shares of Vermilion Energy from $9.25 to $11.50 and gave the company a “sector perform” rating in a report on Monday, March 22nd. Raymond James lifted their price objective on shares of Vermilion Energy from $8.00 to $11.00 and gave the company an “outperform” rating in a report on Tuesday, March 9th. National Bank Financial restated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, January 19th. Finally, TD Securities lifted their price objective on shares of Vermilion Energy from $6.50 to $9.50 and gave the company a “hold” rating in a report on Wednesday, March 10th.
Shares of VET traded down $0.10 during trading on Friday, reaching $6.91. 99,441 shares of the company traded hands, compared to its average volume of 2,824,839. Vermilion Energy has a twelve month low of $2.13 and a twelve month high of $8.92. The stock has a market cap of $1.10 billion, a PE ratio of -1.01 and a beta of 3.00. The stock has a 50-day simple moving average of $7.22 and a 200-day simple moving average of $4.78. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 2.20.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Two Sigma Securities LLC acquired a new position in Vermilion Energy during the 3rd quarter worth approximately $34,000. Wolverine Trading LLC purchased a new stake in shares of Vermilion Energy during the 4th quarter worth approximately $52,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Vermilion Energy during the 3rd quarter worth approximately $84,000. Clear Harbor Asset Management LLC lifted its position in shares of Vermilion Energy by 13.1% during the 4th quarter. Clear Harbor Asset Management LLC now owns 19,237 shares of the oil and gas company’s stock worth $86,000 after buying an additional 2,230 shares during the last quarter. Finally, JustInvest LLC lifted its position in shares of Vermilion Energy by 60.6% during the 4th quarter. JustInvest LLC now owns 19,880 shares of the oil and gas company’s stock worth $88,000 after buying an additional 7,501 shares during the last quarter. Institutional investors own 13.58% of the company’s stock.
About Vermilion Energy
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 642,300 net acres of developed land and 87% working interest in 376,700 net acres of undeveloped land, and 613 net producing natural gas wells and 3,034 net producing oil wells in Canada; and 96% working interest in 248,900 net acres of developed land and 91% working interest in 222,100 net acres of undeveloped land in the Aquitaine and Paris Basins, and 325 net producing oil wells and 3.0 net producing gas wells in France.
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