Vermilion Energy (NYSE:VET) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a sell rating to a hold rating in a report released on Sunday morning.

VET has been the subject of several other research reports. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. TD Securities restated a “buy” rating on shares of Vermilion Energy in a report on Tuesday, September 30th. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Vermilion Energy Stock Up 4.6%

Shares of NYSE:VET opened at $9.19 on Friday. The stock’s 50-day moving average price is $7.90 and its two-hundred day moving average price is $7.58. The company has a current ratio of 1.94, a quick ratio of 1.84 and a debt-to-equity ratio of 0.74. Vermilion Energy has a 12-month low of $5.14 and a 12-month high of $10.85. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -10.56 and a beta of 1.13.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The company had revenue of $337.28 million for the quarter, compared to analyst estimates of $373.83 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. On average, research analysts forecast that Vermilion Energy will post 0.22 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Monday, December 15th. Vermilion Energy’s dividend payout ratio is -33.64%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares in the last quarter. State of Wyoming acquired a new position in Vermilion Energy during the 3rd quarter worth approximately $56,000. Blue Trust Inc. boosted its holdings in Vermilion Energy by 24.0% in the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after acquiring an additional 1,504 shares during the period. Savant Capital LLC purchased a new position in Vermilion Energy in the 2nd quarter worth approximately $82,000. Finally, NewEdge Advisors LLC acquired a new stake in Vermilion Energy in the second quarter valued at approximately $105,000. 31.91% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Company Profile

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.