Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) had its price target dropped by analysts at TD Securities from C$38.00 to C$35.00 in a report released on Monday, The Fly reports.
A number of other analysts have also recently commented on VET. Stifel Nicolaus lowered their price objective on shares of Vermilion Energy from C$47.00 to C$42.00 in a research report on Friday, November 11th. National Bank Financial increased their price objective on shares of Vermilion Energy from C$48.00 to C$50.00 in a research report on Friday, September 30th. BMO Capital Markets cut their price target on Vermilion Energy from C$40.00 to C$36.00 in a report on Thursday, November 10th. StockNews.com lowered Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, Royal Bank of Canada reduced their price target on Vermilion Energy from C$35.00 to C$31.00 in a research report on Friday, November 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.67.
Vermilion Energy Trading Up 2.3 %
Shares of VET stock traded up $0.35 during trading hours on Monday, reaching $15.42. The company had a trading volume of 108,956 shares, compared to its average volume of 2,663,594. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.61 and a quick ratio of 0.58. Vermilion Energy has a 1-year low of $13.44 and a 1-year high of $30.17. The company has a 50 day moving average of $19.08 and a 200 day moving average of $21.54. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 2.60 and a beta of 2.28.
Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last posted its earnings results on Wednesday, November 9th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.40). Vermilion Energy had a return on equity of 44.47% and a net margin of 37.21%. The company had revenue of $739.55 million for the quarter. On average, equities research analysts anticipate that Vermilion Energy will post 3.9 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Raymond James & Associates raised its stake in Vermilion Energy by 227.0% in the first quarter. Raymond James & Associates now owns 38,432 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 26,679 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in Vermilion Energy in the 1st quarter valued at $238,000. Citigroup Inc. lifted its holdings in Vermilion Energy by 219.8% during the 1st quarter. Citigroup Inc. now owns 15,491 shares of the oil and gas company’s stock valued at $325,000 after purchasing an additional 10,647 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Vermilion Energy by 8,245.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of Vermilion Energy by 37.7% in the first quarter. Natixis Advisors L.P. now owns 50,711 shares of the oil and gas company’s stock valued at $1,066,000 after purchasing an additional 13,893 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.
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. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.
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