Vermilion Energy Inc. (VET) Raised to “Sell” at BidaskClub
BidaskClub upgraded shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) from a strong sell rating to a sell rating in a research note released on Friday.
Several other brokerages have also commented on VET. Zacks Investment Research upgraded shares of Vermilion Energy from a hold rating to a buy rating and set a $34.00 price objective on the stock in a report on Saturday, July 8th. Royal Bank Of Canada upgraded shares of Vermilion Energy from a sector perform rating to an outperform rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Vermilion Energy presently has an average rating of Hold and a consensus target price of $53.25.
Vermilion Energy (VET) opened at 31.90 on Friday. Vermilion Energy has a one year low of $29.91 and a one year high of $44.95. The company’s 50-day moving average price is $31.53 and its 200-day moving average price is $34.57. The stock has a market cap of $3.87 billion, a P/E ratio of 65.24 and a beta of 0.51.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.37. Vermilion Energy had a net margin of 7.17% and a return on equity of 4.52%. The firm had revenue of $201.70 million for the quarter. Analysts forecast that Vermilion Energy will post $0.68 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “Vermilion Energy Inc. (VET) Raised to “Sell” at BidaskClub” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/28/vermilion-energy-inc-vet-raised-to-sell-at-bidaskclub.html.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a $0.169 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $2.03 annualized dividend and a dividend yield of 6.36%. Vermilion Energy’s dividend payout ratio is currently 423.40%.
Institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Vermilion Energy by 10.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,509,460 shares of the oil and gas company’s stock worth $169,149,000 after buying an additional 425,590 shares during the period. TD Asset Management Inc. raised its stake in Vermilion Energy by 5.1% in the second quarter. TD Asset Management Inc. now owns 2,996,119 shares of the oil and gas company’s stock worth $94,910,000 after buying an additional 144,333 shares during the period. Guardian Capital LP raised its stake in Vermilion Energy by 71.3% in the second quarter. Guardian Capital LP now owns 2,869,750 shares of the oil and gas company’s stock worth $90,935,000 after buying an additional 1,194,092 shares during the period. Vanguard Group Inc. raised its stake in Vermilion Energy by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,589,511 shares of the oil and gas company’s stock worth $82,165,000 after buying an additional 124,130 shares during the period. Finally, Schafer Cullen Capital Management Inc. raised its stake in Vermilion Energy by 9.2% in the second quarter. Schafer Cullen Capital Management Inc. now owns 1,817,936 shares of the oil and gas company’s stock worth $57,683,000 after buying an additional 152,496 shares during the period. Hedge funds and other institutional investors own 53.70% of the company’s stock.
Vermilion Energy Company Profile
Receive News & Stock Ratings for Vermilion Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vermilion Energy Inc. and related stocks with our FREE daily email newsletter.