Vermilion Energy (NYSE:VET) Trading Down 5.2% – Here’s What Happened

Vermilion Energy Inc. (NYSE:VETGet Free Report) (TSE:VET) dropped 5.2% during mid-day trading on Wednesday . The company traded as low as $12.87 and last traded at $12.7620. Approximately 261,230 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,816,156 shares. The stock had previously closed at $13.46.

Analyst Ratings Changes

Several brokerages have recently commented on VET. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Weiss Ratings raised Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. Desjardins upgraded Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Finally, Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.00.

Check Out Our Latest Report on Vermilion Energy

Vermilion Energy Stock Performance

The firm’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $11.76. 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 stock has a market capitalization of $1.93 billion, a PE ratio of -5.99 and a beta of 0.33.

Vermilion Energy (NYSE:VETGet Free Report) (TSE:VET) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (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 company had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.135 dividend. This represents a $0.54 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio is currently -18.48%.

Hedge Funds Weigh In On Vermilion Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP increased its holdings in shares of Vermilion Energy by 212.3% in the 2nd quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock valued at $1,615,000 after purchasing an additional 117,219 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Vermilion Energy by 127.7% during the second quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock worth $1,009,000 after purchasing an additional 60,415 shares during the period. Aegis Financial Corp boosted its holdings in shares of Vermilion Energy by 27.3% during the second quarter. Aegis Financial Corp now owns 3,260,428 shares of the oil and gas company’s stock worth $30,499,000 after purchasing an additional 700,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Vermilion Energy during the second quarter worth approximately $2,116,000. Finally, Bank of America Corp DE purchased a new position in Vermilion Energy during the second quarter valued at approximately $8,129,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Company Profile

(Get Free Report)

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.

Further Reading

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