Vermilion Energy (NYSE:VET) Stock Rating Lowered by Atb Cap Markets

Atb Cap Markets cut shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks.com reports.

Vermilion Energy Stock Down 1.3 %

VET stock opened at $9.02 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -2.41 and a beta of 1.97. The firm has a 50-day moving average of $9.52 and a two-hundred day moving average of $9.75. Vermilion Energy has a 12 month low of $8.22 and a 12 month high of $12.79. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On Vermilion Energy

Institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its position in Vermilion Energy by 345.4% during the third quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock worth $5,790,000 after buying an additional 459,746 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Vermilion Energy during the third quarter worth approximately $1,947,000. Verition Fund Management LLC purchased a new position in Vermilion Energy during the third quarter worth approximately $555,000. Two Sigma Advisers LP lifted its position in Vermilion Energy by 72.8% during the third quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock worth $10,162,000 after buying an additional 438,200 shares in the last quarter. Finally, Barclays PLC lifted its position in Vermilion Energy by 1,469.8% during the third quarter. Barclays PLC now owns 44,581 shares of the oil and gas company’s stock worth $435,000 after buying an additional 41,741 shares in the last quarter. Hedge funds and other institutional investors own 31.91% of the company’s stock.

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.