Vermilion Energy Inc. (VET) Receives $56.31 Consensus Price Target from Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $57.21.

Separately, BidaskClub upgraded Vermilion Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday.

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Shares of Vermilion Energy (NYSE:VET) traded up 2.43% during mid-day trading on Tuesday, reaching $33.67. 335,474 shares of the company traded hands. Vermilion Energy has a 52 week low of $30.01 and a 52 week high of $44.95. The stock’s market capitalization is $4.06 billion. The firm has a 50 day moving average of $33.73 and a 200-day moving average of $38.18.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Friday, April 28th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.40. Vermilion Energy had a negative return on equity of 1.92% and a negative net margin of 3.22%. The company had revenue of $197.63 million for the quarter. On average, equities research analysts expect that Vermilion Energy will post $0.56 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a $0.159 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.91 dividend on an annualized basis and a yield of 5.67%. Vermilion Energy’s dividend payout ratio is currently -944.95%.

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Vermilion Energy during the fourth quarter worth approximately $34,915,000. Bank of Montreal Can raised its stake in shares of Vermilion Energy by 17.2% in the first quarter. Bank of Montreal Can now owns 5,181,337 shares of the oil and gas company’s stock worth $194,353,000 after buying an additional 759,039 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Vermilion Energy by 10.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,509,460 shares of the oil and gas company’s stock worth $169,149,000 after buying an additional 425,590 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Vermilion Energy by 56.6% in the first quarter. Principal Financial Group Inc. now owns 756,063 shares of the oil and gas company’s stock worth $28,360,000 after buying an additional 273,309 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Vermilion Energy by 400.8% in the first quarter. JPMorgan Chase & Co. now owns 255,843 shares of the oil and gas company’s stock worth $9,597,000 after buying an additional 204,760 shares in the last quarter. Hedge funds and other institutional investors own 50.92% of the company’s stock.

About Vermilion Energy

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