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

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have been given an average rating of “Hold” by the eight analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.00.

Several equities analysts have commented on VET shares. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Finally, Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd.

Institutional Trading of Vermilion Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $33,000 after buying an additional 1,714 shares during the period. Tower Research Capital LLC TRC boosted its stake in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares in the last quarter. State of Wyoming grew its holdings in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares during the period. LPL Financial LLC acquired a new position in Vermilion Energy during the fourth quarter worth about $92,000. Finally, Mercer Global Advisors Inc. ADV raised its position in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,289 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Down 3.1%

Shares of VET stock opened at $9.08 on Thursday. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82. The firm has a market capitalization of $1.39 billion, a PE ratio of -2.38 and a beta of 0.31. The stock has a fifty day moving average of $11.52 and a two-hundred day moving average of $10.87. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63.

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

Vermilion Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -10.21%.

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).