Vermilion Energy (NYSE:VET) Cut to “Hold” at Desjardins

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by Desjardins from a “moderate buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

VET has been the topic of several other research reports. StockNews.com downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Vermilion Energy Stock Up 1.2 %

VET opened at $8.02 on Tuesday. The firm’s 50-day simple moving average is $8.99 and its 200-day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.25. Vermilion Energy has a twelve month low of $7.09 and a twelve month high of $12.79. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -2.14 and a beta of 1.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its position in Vermilion Energy by 1,123.6% during the 4th quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 4,000 shares during the period. Northern Trust Corp acquired a new position in Vermilion Energy during the 4th quarter valued at about $94,000. Citizens Financial Group Inc. RI acquired a new position in Vermilion Energy during the 4th quarter valued at about $103,000. Amundi raised its position in shares of Vermilion Energy by 74.0% in the 4th quarter. Amundi now owns 11,020 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 4,685 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Vermilion Energy in the 4th quarter valued at approximately $104,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.