Zacks Investment Research upgraded shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) from a hold rating to a strong-buy rating in a report published on Wednesday. Zacks Investment Research currently has $39.00 price target on the oil and gas company’s stock.

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. “

VET has been the topic of a number of other research reports. BidaskClub lowered Vermilion Energy from a sell rating to a strong sell rating in a research note on Wednesday, August 16th. Royal Bank Of Canada raised Vermilion Energy from a sector perform rating to an outperform rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $54.50.

Shares of Vermilion Energy (NYSE:VET) opened at 36.85 on Wednesday. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $44.95. The company has a market capitalization of $4.47 billion, a P/E ratio of 75.36 and a beta of 0.52. The company has a 50-day moving average price of $32.51 and a 200-day moving average price of $33.97.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37. The company had revenue of $201.70 million for the quarter. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. On average, analysts forecast that Vermilion Energy will post $0.70 EPS for the current fiscal year.

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The firm also recently declared a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.169 dividend. This represents a $2.03 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Tuesday, August 29th. Vermilion Energy’s dividend payout ratio (DPR) is presently 431.91%.

Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Vermilion Energy by 10.4% in the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,509,460 shares of the oil and gas company’s stock valued at $169,149,000 after purchasing an additional 425,590 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of Vermilion Energy by 5.1% in the 2nd quarter. TD Asset Management Inc. now owns 2,996,119 shares of the oil and gas company’s stock valued at $94,910,000 after purchasing an additional 144,333 shares during the last quarter. Guardian Capital LP lifted its stake in shares of Vermilion Energy by 71.3% in the 2nd quarter. Guardian Capital LP now owns 2,869,750 shares of the oil and gas company’s stock valued at $90,935,000 after purchasing an additional 1,194,092 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Vermilion Energy by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,589,511 shares of the oil and gas company’s stock valued at $82,165,000 after purchasing an additional 124,130 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. lifted its stake in shares of Vermilion Energy by 9.2% in the 2nd quarter. Schafer Cullen Capital Management Inc. now owns 1,817,936 shares of the oil and gas company’s stock valued at $57,683,000 after purchasing an additional 152,496 shares during the last quarter. 53.70% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

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