Vermilion Energy Inc. (NYSE:VET) Given Average Rating of “Hold” by Brokerages

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company.

A number of equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research report on Friday, August 8th. Desjardins downgraded Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, September 30th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Finally, Wall Street Zen downgraded Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th.

Institutional Investors Weigh In On Vermilion Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Vermilion Energy by 49.5% during the 1st quarter. Royal Bank of Canada now owns 1,516,673 shares of the oil and gas company’s stock worth $12,284,000 after purchasing an additional 502,153 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Vermilion Energy by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 6,412,741 shares of the oil and gas company’s stock worth $51,918,000 after purchasing an additional 346,678 shares in the last quarter. Drum Hill Capital LLC raised its stake in shares of Vermilion Energy by 130.6% during the 1st quarter. Drum Hill Capital LLC now owns 310,128 shares of the oil and gas company’s stock worth $2,512,000 after purchasing an additional 175,631 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Vermilion Energy during the 1st quarter worth approximately $166,000. Finally, American Century Companies Inc. raised its stake in shares of Vermilion Energy by 19.5% during the 1st quarter. American Century Companies Inc. now owns 2,832,829 shares of the oil and gas company’s stock worth $22,934,000 after purchasing an additional 462,109 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Price Performance

Shares of VET opened at $7.46 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.84 and a current ratio of 1.94. The stock has a 50 day simple moving average of $7.68 and a 200 day simple moving average of $7.37. Vermilion Energy has a 52-week low of $5.14 and a 52-week high of $10.85. The firm has a market capitalization of $1.15 billion, a PE ratio of -8.57 and a beta of 1.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.14). Vermilion Energy had a positive return on equity of 0.17% and a negative net margin of 9.29%.The firm had revenue of $392.33 million for the quarter, compared to analyst estimates of $562.50 million. Sell-side analysts predict that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.0%. Vermilion Energy’s dividend payout ratio is currently -43.68%.

About Vermilion Energy

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.