Analysts Set Vermilion Energy Inc. (NYSE:VET) PT at $15.00

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has received an average recommendation of “Reduce” from the eight analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $15.00.

A number of brokerages have issued reports on VET. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday. Finally, Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position 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 in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 worth $47,000 after acquiring an additional 4,136 shares in the last quarter. State of Wyoming bought a new position in shares of Vermilion Energy during the 3rd quarter valued at approximately $56,000. Amundi bought a new position in shares of Vermilion Energy during the 1st quarter valued at approximately $143,000. Finally, LPL Financial LLC purchased a new position in shares of Vermilion Energy in the fourth quarter valued at $92,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

Shares of NYSE:VET opened at $13.21 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. Vermilion Energy has a 1-year low of $6.22 and a 1-year high of $14.82. The company has a market capitalization of $2.02 billion, a P/E ratio of -3.45 and a beta of 0.36. The firm’s 50 day simple moving average is $12.72 and its two-hundred day simple moving average is $10.39.

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

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s payout ratio is currently -10.47%.

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).