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

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.00.

Several equities analysts have issued reports on VET shares. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. Finally, Desjardins raised Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new position in shares of Vermilion Energy in the fourth quarter worth approximately $2,656,000. UBS Group AG increased its position in Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after purchasing an additional 3,029,328 shares during the period. First Trust Advisors LP increased its position in Vermilion Energy by 36.6% during the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock valued at $13,056,000 after purchasing an additional 253,681 shares during the period. Lazard Asset Management LLC raised its holdings in Vermilion Energy by 7,879.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock worth $20,867,000 after purchasing an additional 1,495,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after purchasing an additional 1,487,870 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Stock Performance

NYSE:VET opened at $12.84 on Friday. The stock’s 50-day moving average is $10.40 and its 200-day moving average is $11.39. Vermilion Energy has a 1-year low of $7.07 and a 1-year high of $14.82. 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 cap of $1.96 billion, a P/E ratio of -6.08 and a beta of 0.30.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data 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 negative net margin of 22.48% and a positive return on equity of 5.26%. The business had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, September 15th. Vermilion Energy’s payout ratio is -18.48%.

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).