Vermilion Energy Inc. (NYSE:VET) Receives $15.00 Consensus PT from Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of research firms have commented on VET. Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report 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, August 1st. Finally, Weiss Ratings upgraded Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. LM Asset Management Inc. acquired a new position in shares of Vermilion Energy during the second quarter valued at $34,468,381,000. UBS Group AG increased its holdings in shares of Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after acquiring an additional 3,029,328 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Vermilion Energy in the 1st quarter valued at about $31,144,000. Mackenzie Financial Corp lifted its position in Vermilion Energy by 130.2% in the 4th quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock valued at $26,483,000 after purchasing an additional 1,795,636 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in Vermilion Energy during the 2nd quarter valued at about $15,852,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Trading Up 3.7%

NYSE:VET opened at $12.71 on Friday. The company has a market cap of $1.94 billion, a PE ratio of -6.02 and a beta of 0.30. The business’s 50 day moving average is $10.61 and its two-hundred day moving average is $11.48. 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 has a 52 week low of $7.10 and a 52 week high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly 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 business had revenue of $390.53 million during the quarter, compared to the consensus estimate 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 declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio (DPR) is -18.48%.

Vermilion Energy Company Profile

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).