Vermilion Energy Inc. (NYSE:VET) Given Average Rating of “Hold” by Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.00.

A number of equities research analysts recently issued reports on VET shares. 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 upgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th.

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $9.51 on Thursday. The stock has a fifty day moving average price of $11.20 and a 200 day moving average price of $10.90. Vermilion Energy has a 52 week low of $7.00 and a 52 week high of $14.82. The firm has a market capitalization of $1.45 billion, a P/E ratio of -2.49 and a beta of 0.31. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

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

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s payout ratio is -10.21%.

Institutional Investors Weigh In On Vermilion Energy

Several large investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Vermilion Energy by 12.2% during 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 acquiring an additional 1,289 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Vermilion Energy by 5.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock worth $218,000 after purchasing an additional 1,430 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 1,714 shares in the last quarter. Hilltop National Bank increased its holdings in Vermilion Energy by 5.7% in the 4th quarter. Hilltop National Bank now owns 31,730 shares of the oil and gas company’s stock valued at $265,000 after purchasing an additional 1,720 shares in the last quarter. Finally, State of Wyoming raised 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 during the period. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

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).