Vermilion Energy (NYSE:VET) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vermilion Energy (NYSE:VETFree Report) (TSE:VET) from a hold rating to a strong-buy rating in a research report report published on Saturday morning.

Other research analysts also recently issued reports about the company. Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Friday. Finally, Weiss Ratings cut shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.00.

Read Our Latest Report on Vermilion Energy

Vermilion Energy Trading Down 3.1%

Shares of NYSE:VET opened at $11.54 on Friday. The company has a market cap of $1.77 billion, a P/E ratio of -5.47 and a beta of 0.30. The stock’s 50-day moving average is $10.40 and its 200-day moving average is $11.18. Vermilion Energy has a 52-week low of $7.00 and a 52-week high of $14.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00.

Vermilion Energy (NYSE:VETGet Free Report) (TSE:VET) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $390.53 million during the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.7%. Vermilion Energy’s dividend payout ratio is presently -18.48%.

Institutional Investors Weigh In On Vermilion Energy

A number of hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,289 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Vermilion Energy by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock worth $218,000 after buying an additional 1,430 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $33,000 after acquiring an additional 1,714 shares in the last quarter. State of Wyoming grew its position in Vermilion Energy by 24.3% in the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,747 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Vermilion Energy by 3.2% in the 4th quarter. Osaic Holdings Inc. now owns 62,979 shares of the oil and gas company’s stock valued at $525,000 after acquiring an additional 1,950 shares in the last quarter. Institutional investors and hedge funds 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).

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Analyst Recommendations for Vermilion Energy (NYSE:VET)

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