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

Vermilion Energy (NYSE:VET) (TSE:VET) was downgraded by equities research analysts at Atb Cap Markets from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $9.02 on Thursday. Vermilion Energy has a 52 week low of $8.22 and a 52 week 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. The stock has a market cap of $1.39 billion, a P/E ratio of -2.41 and a beta of 1.97. The stock has a 50 day moving average of $9.52 and a 200-day moving average of $9.75.

Institutional Trading of Vermilion Energy

Several hedge funds have recently added to or reduced their stakes in VET. Larson Financial Group LLC boosted its holdings in Vermilion Energy by 1,123.6% during the fourth quarter. Larson Financial Group LLC now owns 4,356 shares of the oil and gas company’s stock worth $41,000 after buying an additional 4,000 shares in the last quarter. Northern Trust Corp acquired a new position in Vermilion Energy during the fourth quarter valued at approximately $94,000. Citizens Financial Group Inc. RI bought a new stake in Vermilion Energy during the fourth quarter valued at about $103,000. Amundi boosted its position in shares of Vermilion Energy by 74.0% in the fourth 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 bought a new position in shares of Vermilion Energy during the 4th quarter worth about $104,000. Institutional investors own 31.91% of the company’s stock.

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.