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Vermilion Energy (NYSE:VET) Downgraded by BMO Capital Markets


Vermilion Energy (NYSE:VET) Downgraded by BMO Capital Markets

Shares of NYSE VET opened at $10.47 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.02 and a current ratio of 1.09. Vermilion Energy has a 52-week low of $8.70 and a 52-week high of $15.56. The company's 50 day moving average price is $9.85 and its 200-day moving average price is $11.07. The company has a market capitalization of $1.65 billion, a P/E ratio of -3.76 and a beta of 2.00.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.69). Vermilion Energy had a negative net margin of 41.33% and a positive return on equity of 5.99%. The company had revenue of $350.04 million for the quarter, compared to analyst estimates of $376.54 million. Equities analysts forecast that Vermilion Energy will post 0.35 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Vermilion Energy by 2,569.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company's stock valued at $41,000 after purchasing an additional 3,674 shares in the last quarter. HBK Sorce Advisory LLC bought a new stake in Vermilion Energy during the 1st quarter valued at $127,000. Marshall Wace LLP bought a new stake in Vermilion Energy during the 2nd quarter valued at $122,000. Bank of Nova Scotia Trust Co. increased its stake in Vermilion Energy by 15.8% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company's stock valued at $145,000 after purchasing an additional 1,593 shares in the last quarter. Finally, Perkins Coie Trust Co bought a new stake in Vermilion Energy during the 2nd quarter valued at $182,000. Institutional investors own 31.91% of the company's stock.

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.

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