Vermilion Energy Inc. (NYSE:VET – Get Free Report) (TSE:VET) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $15.00.
VET has been the topic of several recent research reports. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Monday, October 19th. Weiss Ratings cut shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Vermilion Energy in a report on Friday, October 9th.
View Our Latest Analysis on VET
Hedge Funds Weigh In On Vermilion Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,714 shares during the period. Drum Hill Capital LLC raised its stake in Vermilion Energy by 0.7% during the third quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company’s stock worth $4,238,000 after acquiring an additional 2,587 shares in the last quarter. Gold Investment Management Ltd. raised its stake in Vermilion Energy by 1,493.3% during the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 4,480 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Vermilion Energy by 815.8% during the third quarter. Global Retirement Partners LLC now owns 5,733 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 5,107 shares during the period. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of Vermilion Energy by 27.1% during the first quarter. Pictet Asset Management Holding SA now owns 33,304 shares of the oil and gas company’s stock valued at $457,000 after acquiring an additional 7,095 shares during the period. Institutional investors own 31.91% of the company’s stock.
Vermilion Energy Stock Up 0.9%
Shares of VET stock opened at $10.32 on Wednesday. Vermilion Energy has a one year low of $7.76 and a one year high of $14.82. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.66. The stock has a fifty day moving average price of $12.41 and a 200 day moving average price of $11.65. The stock has a market cap of $1.56 billion, a P/E ratio of -4.52 and a beta of 0.52.
Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last announced its quarterly earnings results on Wednesday, November 4th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.43). Vermilion Energy had a negative net margin of 22.78% and a positive return on equity of 4.25%. The business had revenue of $417.06 million during the quarter, compared to the consensus estimate of $332.96 million.
Vermilion Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued a C$0.14 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.2%. Vermilion Energy’s dividend payout ratio is presently -17.11%.
Vermilion Energy Company Profile
Vermilion Energy Inc. is a Calgary-based oil and natural gas producer with operations in North America and Europe. The company explores for, develops and produces conventional energy resources, including crude oil and natural gas. Its operating areas include Canada, the United States, France, the Netherlands, Germany and Croatia. Vermilion’s European natural gas production provides exposure to regional energy markets, while its North American business includes oil and gas assets. The company traces its roots to 1994 and has expanded through the development and acquisition of producing assets.
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