Vermilion Energy Inc (NYSE:VET) (TSE:VET) has received an average rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.00.
A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Vermilion Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Wood & Company reiterated a “buy” rating on shares of Vermilion Energy in a report on Monday, October 29th. Zacks Investment Research downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Raymond James assumed coverage on shares of Vermilion Energy in a report on Wednesday, September 19th. They issued an “outperform” rating for the company. Finally, TheStreet downgraded shares of Vermilion Energy from a “c-” rating to a “d+” rating in a report on Wednesday, September 12th.
Large investors have recently bought and sold shares of the business. New England Asset Management Inc. purchased a new position in Vermilion Energy during the 2nd quarter valued at about $165,000. SG Americas Securities LLC purchased a new position in Vermilion Energy during the 2nd quarter valued at about $220,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Vermilion Energy by 81.5% during the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,346 shares of the oil and gas company’s stock valued at $193,000 after acquiring an additional 2,400 shares in the last quarter. Nordea Investment Management AB purchased a new position in Vermilion Energy during the 3rd quarter valued at about $228,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Vermilion Energy by 34.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 2,023 shares in the last quarter. Hedge funds and other institutional investors own 53.60% of the company’s stock.
Shares of VET opened at $23.49 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.62 billion, a PE ratio of 30.06 and a beta of 0.82. Vermilion Energy has a 52-week low of $23.07 and a 52-week high of $40.59.
The business also recently declared a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a $0.1736 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.87%. Vermilion Energy’s dividend payout ratio is presently 411.76%.
Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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