Vermilion Energy (NYSE:VET) Shares Gap Down – Should You Sell?

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) gapped down prior to trading on Monday . The stock had previously closed at $11.15, but opened at $10.48. Vermilion Energy shares last traded at $10.44, with a volume of 297,223 shares.

Analysts Set New Price Targets

VET has been the topic of a number of analyst reports. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Finally, ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. The company’s 50 day simple moving average is $12.31 and its 200 day simple moving average is $10.80. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -2.75 and a beta of 0.30.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The business had revenue of $369.04 million for the quarter, compared to the consensus estimate of $368.66 million. On average, equities research analysts anticipate that Vermilion Energy Inc. will post 0.54 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.135 per share. The ex-dividend date is Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 5.1%. Vermilion Energy’s dividend payout ratio (DPR) is -10.47%.

Hedge Funds Weigh In On Vermilion Energy

Several large investors have recently made changes to their positions in the business. Amundi bought a new position in shares of Vermilion Energy during the 1st quarter valued at about $143,000. EverSource Wealth Advisors LLC boosted its position in shares of Vermilion Energy by 251.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares in the last quarter. Lazard Asset Management LLC boosted its position 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. Renaissance Technologies LLC boosted its holdings in shares of Vermilion Energy by 19.1% in the first quarter. Renaissance Technologies LLC now owns 130,122 shares of the oil and gas company’s stock worth $1,793,000 after buying an additional 20,822 shares during the period. Finally, Compound Planning Inc. acquired a new position in shares of Vermilion Energy in the first quarter worth about $568,000. 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).