Vermilion Energy (NYSE:VET) Shares Gap Down – Should You Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.15, but opened at $10.48. Vermilion Energy shares last traded at $10.44, with a volume of 297,223 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VET. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Finally, ATB Cormark Capital Markets upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Stock Down 5.9%

The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.61 billion, a P/E ratio of -2.75 and a beta of 0.30. The stock’s 50 day simple moving average is $12.31 and its 200 day simple moving average is $10.80.

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

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio is -10.47%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Amundi bought a new position in Vermilion Energy during the 1st quarter valued at $143,000. EverSource Wealth Advisors LLC raised its holdings in shares of Vermilion Energy by 251.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,714 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Vermilion Energy by 7,879.7% during the first 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 period. Renaissance Technologies LLC raised its holdings in shares of Vermilion Energy by 19.1% during the first quarter. Renaissance Technologies LLC now owns 130,122 shares of the oil and gas company’s stock worth $1,793,000 after purchasing an additional 20,822 shares during the period. Finally, Compound Planning Inc. acquired a new stake in shares of Vermilion Energy during the first quarter worth $568,000. 31.91% of the stock is currently owned by institutional investors.

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).