Vermilion Energy Inc. (NYSE:VET) Receives Consensus Rating of “Reduce” from Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has earned an average recommendation of “Reduce” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $15.00.

A number of brokerages recently commented on VET. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. Weiss Ratings raised shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Finally, TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th.

Vermilion Energy Trading Down 5.2%

VET opened at $11.36 on Friday. The firm’s fifty day moving average is $12.53 and its two-hundred day moving average is $10.71. 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 firm has a market cap of $1.74 billion, a PE ratio of -2.97 and a beta of 0.29. Vermilion Energy has a twelve month low of $7.00 and a twelve month high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.89). The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%. Equities research analysts anticipate that Vermilion Energy will post 0.54 EPS for the current year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.135 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.8%. Vermilion Energy’s dividend payout ratio (DPR) is -10.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VET. Mercer Global Advisors Inc. ADV lifted its stake in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 1,289 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in Vermilion Energy by 5.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 1,430 shares during the last quarter. Savant Capital LLC lifted its stake in Vermilion Energy by 14.8% in the third quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 1,671 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 last quarter. Finally, Hilltop National Bank lifted its stake in Vermilion Energy by 5.7% in the fourth quarter. Hilltop National Bank now owns 31,730 shares of the oil and gas company’s stock valued at $265,000 after acquiring an additional 1,720 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

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).