Vermilion Energy (NYSE:VET) Cut to Hold at Atb Cap Markets

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

Vermilion Energy Stock Performance

Shares of NYSE VET opened at $9.02 on Thursday. Vermilion Energy has a 1 year low of $8.22 and a 1 year high of $12.79. The stock has a market cap of $1.39 billion, a PE ratio of -2.41 and a beta of 1.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 1.19. The firm has a fifty day moving average price of $9.52 and a 200-day moving average price of $9.75.

Institutional Trading of Vermilion Energy

A number of institutional investors have recently bought and sold shares of VET. Arrowstreet Capital Limited Partnership acquired a new stake in Vermilion Energy in the 4th quarter worth approximately $10,866,000. Royce & Associates LP acquired a new stake in Vermilion Energy in the 3rd quarter worth approximately $6,001,000. The Manufacturers Life Insurance Company lifted its stake in Vermilion Energy by 345.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 592,839 shares of the oil and gas company’s stock valued at $5,790,000 after acquiring an additional 459,746 shares during the period. Two Sigma Advisers LP lifted its stake in Vermilion Energy by 72.8% during the 3rd quarter. Two Sigma Advisers LP now owns 1,040,076 shares of the oil and gas company’s stock valued at $10,162,000 after acquiring an additional 438,200 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Vermilion Energy by 26.1% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,109,501 shares of the oil and gas company’s stock valued at $10,429,000 after acquiring an additional 229,900 shares during the period. 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.