Vermilion Energy (NYSE:VET) Shares Gap Down – Time to Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) gapped down before the market opened on Monday . The stock had previously closed at $11.92, but opened at $11.37. Vermilion Energy shares last traded at $11.5450, with a volume of 199,270 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on VET shares. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday. Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Finally, TD Securities restated a “buy” rating on shares of Vermilion Energy in a research report on Friday. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Performance

The stock has a market cap of $1.69 billion, a PE ratio of -5.23 and a beta of 0.30. The company has a fifty day moving average price of $10.39 and a 200 day moving average price of $11.20. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. The company had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 annualized dividend and a yield of 4.9%. Vermilion Energy’s payout ratio is presently -18.48%.

Institutional Trading of Vermilion Energy

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in shares of 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 worth $33,000 after buying an additional 1,714 shares during the period. Tower Research Capital LLC TRC boosted its position in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares during the period. State of Wyoming boosted its position in Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after buying an additional 1,747 shares during the period. Amundi purchased a new stake in Vermilion Energy during the 1st quarter valued at $143,000. Finally, LPL Financial LLC bought a new stake in Vermilion Energy in the 4th quarter worth $92,000. Hedge funds and other 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).