Vermilion Energy (NYSE:VET) Upgraded by TD Securities to Strong-Buy Rating

TD Securities upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Trading Up 8.2%

Shares of NYSE:VET opened at $11.04 on Wednesday. Vermilion Energy has a 12-month low of $7.00 and a 12-month high of $14.82. The business’s fifty day simple moving average is $10.64 and its 200-day simple moving average is $11.02. The company has a market capitalization of $1.69 billion, a PE ratio of -2.89 and a beta of 0.31. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The firm had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s payout ratio is currently -10.21%.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds have recently bought and sold shares of VET. EverSource Wealth Advisors LLC increased its position in shares of Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 1,714 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Vermilion Energy by 178.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares in the last quarter. State of Wyoming raised its position in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares during the period. Amundi acquired a new position in Vermilion Energy during the first quarter worth $143,000. Finally, LPL Financial LLC acquired a new position in Vermilion Energy during the fourth quarter worth $92,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).