Vermilion Energy Inc. (NYSE:VET) Given Average Rating of “Hold” by Analysts

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $15.00.

VET has been the topic of several recent analyst reports. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, TD Securities restated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st.

Vermilion Energy Stock Performance

VET opened at $12.84 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. Vermilion Energy has a 52-week low of $7.07 and a 52-week high of $14.82. The firm has a market cap of $1.96 billion, a P/E ratio of -6.08 and a beta of 0.30. The business’s fifty day moving average is $10.40 and its 200-day moving average is $11.39.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.The business had revenue of $390.53 million during the quarter, compared to the consensus estimate of $330.39 million.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio (DPR) is presently -18.48%.

Institutional Trading of Vermilion Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. acquired a new stake in Vermilion Energy in the fourth quarter valued at approximately $2,656,000. UBS Group AG increased its holdings in shares of Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after buying an additional 3,029,328 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Vermilion Energy by 36.6% in the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock valued at $13,056,000 after acquiring an additional 253,681 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Vermilion Energy by 7,879.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after acquiring an additional 1,495,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after acquiring an additional 1,487,870 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors.

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).