Vermilion Energy (NYSE:VET) Shares Gap Up – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares gapped up before the market opened on Monday . The stock had previously closed at $12.46, but opened at $12.90. Vermilion Energy shares last traded at $12.8350, with a volume of 217,682 shares trading hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Desjardins raised Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Trading Up 2.8%

The stock has a market capitalization of $2.02 billion, a PE ratio of -6.25 and a beta of 0.33. The business’s 50-day moving average is $10.79 and its two-hundred day moving average is $11.53. 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 (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. The business had revenue of $390.53 million for the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given 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 Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is -18.48%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after buying an additional 359,878 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after buying an additional 1,388,489 shares during the period. Vanguard Group Inc. boosted its stake in Vermilion Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after buying an additional 73,242 shares during the last quarter. UBS Group AG boosted 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 valued at $46,645,000 after purchasing an additional 3,029,328 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Vermilion Energy by 44.0% in the first quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after buying an additional 1,487,870 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

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).