Vermilion Energy Inc. (NYSE:VET) Downgraded to “Strong Sell” at BidaskClub
BidaskClub downgraded shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) from a sell rating to a strong sell rating in a research note published on Tuesday morning.
Separately, Zacks Investment Research upgraded shares of Vermilion Energy from a hold rating to a buy rating and set a $34.00 price target for the company in a report on Saturday, July 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Vermilion Energy presently has a consensus rating of Buy and a consensus price target of $54.31.
Vermilion Energy (NYSE VET) traded up 0.39% during trading on Tuesday, hitting $31.28. 39,820 shares of the stock were exchanged. The firm’s market cap is $3.77 billion. The stock’s 50-day moving average price is $32.95 and its 200-day moving average price is $37.56. Vermilion Energy has a 12-month low of $29.91 and a 12-month high of $44.95.
Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $0.28 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.40. The business had revenue of $197.63 million during the quarter. Vermilion Energy had a negative net margin of 3.22% and a negative return on equity of 1.92%. On average, equities analysts expect that Vermilion Energy will post $0.54 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.159 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Wednesday, June 28th. Vermilion Energy’s dividend payout ratio is -954.95%.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia raised its position in Vermilion Energy by 10.0% in the first quarter. Bank of Nova Scotia now owns 238,078 shares of the oil and gas company’s stock worth $8,928,000 after buying an additional 21,547 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Vermilion Energy during the fourth quarter worth approximately $348,000. Gulf International Bank UK Ltd raised its position in Vermilion Energy by 8.3% in the first quarter. Gulf International Bank UK Ltd now owns 34,015 shares of the oil and gas company’s stock worth $1,273,000 after buying an additional 2,600 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Vermilion Energy by 16.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,835 shares of the oil and gas company’s stock worth $117,000 after buying an additional 405 shares in the last quarter. Finally, Cidel Asset Management Inc. raised its position in Vermilion Energy by 7.0% in the first quarter. Cidel Asset Management Inc. now owns 1,148,635 shares of the oil and gas company’s stock worth $40,384,000 after buying an additional 74,761 shares in the last quarter. 50.00% of the stock is currently owned by institutional investors.
About Vermilion Energy
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