Vermilion Energy (NYSE:VET) Lowered to “Hold” Rating by Desjardins

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

A number of other equities research analysts also recently weighed in on VET. 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Vermilion Energy currently has a consensus rating of “Hold”.

Vermilion Energy Trading Up 1.2 %

Shares of NYSE:VET opened at $8.02 on Tuesday. Vermilion Energy has a 12-month low of $7.09 and a 12-month high of $12.79. The stock has a market cap of $1.24 billion, a PE ratio of -2.14 and a beta of 1.91. The business has a 50 day moving average of $8.99 and a 200-day moving average of $9.45. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. LM Asset IM Inc. acquired a new position in Vermilion Energy during the fourth quarter valued at approximately $18,806,000. Public Employees Retirement System of Ohio raised its position in Vermilion Energy by 5.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 209,676 shares of the oil and gas company’s stock valued at $1,973,000 after purchasing an additional 10,453 shares in the last quarter. Voloridge Investment Management LLC raised its position in Vermilion Energy by 38.7% during the fourth quarter. Voloridge Investment Management LLC now owns 937,415 shares of the oil and gas company’s stock valued at $8,812,000 after purchasing an additional 261,353 shares in the last quarter. Vident Advisory LLC raised its position in Vermilion Energy by 107.6% during the fourth quarter. Vident Advisory LLC now owns 68,258 shares of the oil and gas company’s stock valued at $642,000 after purchasing an additional 35,381 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in Vermilion Energy by 13.6% during the fourth quarter. Two Sigma Advisers LP now owns 1,181,076 shares of the oil and gas company’s stock valued at $11,102,000 after purchasing an additional 141,000 shares in the last quarter. 31.91% 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. 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.