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 report issued 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. “

A number of other analysts also recently weighed in on the stock. Canaccord Genuity reissued a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, October 30th. Wood & Company restated a “buy” rating on shares of Vermilion Energy in a research note on Monday, October 29th. Raymond James restated a “buy” rating on shares of Vermilion Energy in a research note on Sunday, October 7th. Bank of America began coverage on Vermilion Energy in a research note on Tuesday, September 18th. They set a “buy” rating and a $41.00 price objective on the stock. Finally, TheStreet cut Vermilion Energy from a “c-” rating to a “d+” rating in a research note on Wednesday, September 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.50.

VET stock opened at $24.67 on Wednesday. Vermilion Energy has a twelve month low of $24.27 and a twelve month high of $40.59. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market cap of $3.91 billion, a PE ratio of 48.37 and a beta of 0.84.

A number of hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 period. TD Asset Management Inc. increased its holdings in shares of Vermilion Energy by 30.0% during the second quarter. TD Asset Management Inc. now owns 3,910,122 shares of the oil and gas company’s stock valued at $140,925,000 after purchasing an additional 901,551 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Vermilion Energy by 21.6% during the second quarter. Great West Life Assurance Co. Can now owns 3,451,490 shares of the oil and gas company’s stock valued at $124,764,000 after purchasing an additional 612,118 shares during the period. Fiera Capital Corp grew its holdings in Vermilion Energy by 43.9% during the second 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 period. Finally, Principal Financial Group Inc. grew its holdings in Vermilion Energy by 23.3% during the first 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 period. Institutional investors 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.

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