Vermilion Energy (NYSE:VET) Shares Gap Down – Time to Sell?

Vermilion Energy Inc. (NYSE:VETGet Free Report) (TSE:VET) gapped down prior to trading on Tuesday . The stock had previously closed at $12.30, but opened at $11.86. Vermilion Energy shares last traded at $12.08, with a volume of 156,117 shares changing hands.

Analyst Ratings Changes

VET has been the subject of a number of recent research reports. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vermilion Energy has an average rating of “Reduce” and an average target price of $15.00.

Read Our Latest Analysis on Vermilion Energy

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 stock has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $10.59. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -2.98 and a beta of 0.36.

Vermilion Energy (NYSE:VETGet Free Report) (TSE:VET) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share 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 business had revenue of $369.04 million for the quarter, compared to analyst estimates of $368.66 million. Analysts forecast that Vermilion Energy Inc. will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business 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. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, June 15th. Vermilion Energy’s dividend payout ratio is -10.21%.

Hedge Funds Weigh In On Vermilion Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of Vermilion Energy by 4.6% during the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after purchasing an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Vermilion Energy by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Vermilion Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after purchasing an additional 73,242 shares in the last quarter. UBS Group AG boosted its position in shares of Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after purchasing an additional 3,029,328 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 worth $67,114,000 after purchasing an additional 1,487,870 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

(Get Free Report)

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).

Further Reading

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