Vermilion Energy Inc. (VET) – What Are Investment Firms Thinking About This Stock?

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of research firms have commented on VET. Desjardins upgraded Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Vermilion Energy in a research note on Friday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LM Asset Management Inc. purchased a new stake in Vermilion Energy in the 2nd quarter worth approximately $34,468,381. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Vermilion Energy during the 1st quarter worth approximately $31,144,000. Bank of Nova Scotia purchased a new position in shares of Vermilion Energy during the 2nd quarter valued at approximately $15,852,000. Lazard Asset Management LLC increased its holdings in shares of Vermilion Energy by 7,879.7% during 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 purchasing an additional 1,495,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Vermilion Energy by 44.0% in 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 purchasing an additional 1,487,870 shares during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

Shares of VET stock opened at $11.87 on Friday. Vermilion Energy has a 12-month low of $7.10 and a 12-month high of $14.82. The business’s fifty day simple moving average is $12.13 and its 200-day simple moving average is $11.73. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.81 billion, a PE ratio of -5.62 and a beta of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping 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 firm had revenue of $390.53 million during the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a C$0.14 dividend. This represents a $0.54 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, September 15th. Vermilion Energy’s dividend payout ratio is -18.48%.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company explores for, develops and produces crude oil, condensate, natural gas liquids and natural gas, with a portfolio focused on assets in North America and Europe.

Vermilion’s North American operations include oil and natural gas properties in Canada and the United States. In Europe, the company has historically maintained production and development interests in countries including France, the Netherlands, Germany and Croatia.