Shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) have been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $41.00.

Several brokerages have recently commented on VET. Raymond James restated a “buy” rating on shares of Vermilion Energy in a research note on Sunday, October 7th. ValuEngine raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. TheStreet downgraded shares of Vermilion Energy from a “c-” rating to a “d+” rating in a report on Wednesday, September 12th. Finally, Bank of America began coverage on shares of Vermilion Energy in a report on Tuesday, September 18th. They set a “buy” rating and a $41.00 price objective for the company.

Several hedge funds and other institutional investors have recently bought and sold shares of VET. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Vermilion Energy by 524.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,055,327 shares of the oil and gas company’s stock worth $146,158,000 after buying an additional 3,405,471 shares during the period. CIBC Asset Management Inc boosted its holdings in Vermilion Energy by 339.4% in the 2nd quarter. CIBC Asset Management Inc now owns 1,400,270 shares of the oil and gas company’s stock valued at $50,507,000 after purchasing an additional 1,081,559 shares during the period. TD Asset Management Inc. boosted its holdings in Vermilion Energy by 30.0% in the 2nd quarter. TD Asset Management Inc. now owns 3,910,122 shares of the oil and gas company’s stock valued at $140,925,000 after purchasing an additional 901,551 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in Vermilion Energy by 166.6% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,173,253 shares of the oil and gas company’s stock valued at $55,624,000 after purchasing an additional 733,153 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in Vermilion Energy by 21.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,451,490 shares of the oil and gas company’s stock valued at $124,764,000 after purchasing an additional 612,118 shares during the period. 52.63% of the stock is owned by institutional investors and hedge funds.

Shares of VET traded up $0.61 during mid-day trading on Friday, hitting $25.07. 463,034 shares of the company’s stock were exchanged, compared to its average volume of 196,874. Vermilion Energy has a twelve month low of $23.07 and a twelve month high of $40.59. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 49.16 and a beta of 0.84. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.73.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a dividend of $0.176 per share. This represents a $2.11 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend is Tuesday, October 30th. Vermilion Energy’s dividend payout ratio is currently 419.61%.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (NYSE:VET)

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