Vermilion Energy Inc. (NYSE:VET) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “

A number of other equities analysts also recently issued reports on the stock. Barclays PLC reiterated an “overweight” rating and issued a $59.00 price target (up previously from $52.00) on shares of Vermilion Energy in a report on Thursday, August 11th. Scotiabank reissued an “outperform” rating and issued a $52.50 price objective on shares of Vermilion Energy in a research note on Thursday, June 30th. CIBC reissued an “outperform” rating and issued a $50.00 price objective on shares of Vermilion Energy in a research note on Wednesday, June 15th. Desjardins reissued a “buy” rating and issued a $52.00 price objective (up from $47.50) on shares of Vermilion Energy in a research note on Thursday, August 11th. Finally, TD Securities reissued a “buy” rating and issued a $54.00 price objective (up from $53.00) on shares of Vermilion Energy in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Vermilion Energy has a consensus rating of “Buy” and an average price target of $50.23.

Analyst Recommendations for Vermilion Energy (NYSE:VET)

Vermilion Energy (NYSE:VET) traded down 0.3555% during midday trading on Tuesday, hitting $40.2763. 102,521 shares of the stock were exchanged. The stock’s market cap is $4.70 billion. Vermilion Energy has a 12-month low of $20.31 and a 12-month high of $40.54. The firm has a 50 day moving average of $37.23 and a 200-day moving average of $33.69.

Vermilion Energy (NYSE:VET) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by $0.16. The company earned $212.86 million during the quarter, compared to analysts’ expectations of $151.30 million. Vermilion Energy had a negative net margin of 42.00% and a negative return on equity of 8.50%. On average, equities analysts expect that Vermilion Energy will post ($0.76) earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 20th. This represents a $1.98 annualized dividend and a dividend yield of 4.90%. Vermilion Energy’s dividend payout ratio is currently -80.41%.

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Vermilion Energy by 0.5% in the second quarter. Royal Bank of Canada now owns 7,243,206 shares of the company’s stock valued at $230,479,000 after buying an additional 32,961 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Vermilion Energy during the second quarter valued at about $100,979,000. Vanguard Group Inc. boosted its stake in Vermilion Energy by 11.4% in the second quarter. Vanguard Group Inc. now owns 2,118,811 shares of the company’s stock valued at $67,420,000 after buying an additional 217,496 shares in the last quarter. Guardian Capital LP boosted its stake in Vermilion Energy by 11.1% in the second quarter. Guardian Capital LP now owns 1,703,039 shares of the company’s stock valued at $53,857,000 after buying an additional 170,678 shares in the last quarter. Finally, Cidel Asset Management Inc. boosted its stake in Vermilion Energy by 112.5% in the second quarter. Cidel Asset Management Inc. now owns 1,320,890 shares of the company’s stock valued at $41,772,000 after buying an additional 699,388 shares in the last quarter. 44.67% of the stock is currently owned by institutional investors and hedge funds.

About Vermilion Energy

Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.

5 Day Chart for NYSE:VET

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