Vermilion Energy Inc. (NYSE:VET) Receives $25.00 Consensus Target Price from Brokerages

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.00.

VET has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on Vermilion Energy in a report on Tuesday, May 14th. They issued an “outperform” rating for the company. TD Securities upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th.

Vermilion Energy Stock Performance

Shares of VET stock opened at $11.03 on Wednesday. The business has a fifty day moving average of $11.63 and a 200 day moving average of $11.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16. Vermilion Energy has a 1 year low of $9.81 and a 1 year high of $15.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.78). The company had revenue of $376.85 million during the quarter. Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. During the same period in the previous year, the business posted $0.77 earnings per share. Equities research analysts anticipate that Vermilion Energy will post 1.45 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.0872 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.16%. Vermilion Energy’s dividend payout ratio (DPR) is presently -12.59%.

Institutional Investors Weigh In On Vermilion Energy

A number of large investors have recently made changes to their positions in VET. PNC Financial Services Group Inc. grew its position in shares of Vermilion Energy by 21,052.6% in the third quarter. PNC Financial Services Group Inc. now owns 12,057 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 12,000 shares in the last quarter. Natixis Advisors L.P. grew its position in Vermilion Energy by 4.0% in the third quarter. Natixis Advisors L.P. now owns 49,440 shares of the oil and gas company’s stock worth $723,000 after acquiring an additional 1,896 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Vermilion Energy in the third quarter worth approximately $975,000. Ameriprise Financial Inc. grew its position in Vermilion Energy by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock worth $52,441,000 after acquiring an additional 346,826 shares during the period. Finally, Scotia Capital Inc. grew its position in Vermilion Energy by 6.9% in the third quarter. Scotia Capital Inc. now owns 116,727 shares of the oil and gas company’s stock worth $1,700,000 after acquiring an additional 7,529 shares during the period. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.