Vermilion Energy (NYSE:VET) Lifted to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) from a hold rating to a strong-buy rating in a research report released on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $23.00 target price on the oil and gas company’s stock.

According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “

A number of other brokerages also recently weighed in on VET. Scotiabank raised their target price on Vermilion Energy from C$27.00 to C$30.00 in a report on Monday, April 18th. National Bank Financial raised their target price on Vermilion Energy from C$34.00 to C$53.00 in a report on Thursday, April 14th. Royal Bank of Canada raised their target price on Vermilion Energy from C$26.00 to C$28.00 in a report on Friday, April 29th. Stifel Nicolaus reduced their target price on Vermilion Energy from C$34.00 to C$33.50 in a report on Tuesday, March 29th. Finally, Desjardins raised their price objective on Vermilion Energy from C$27.50 to C$32.50 in a report on Wednesday, March 9th. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and an average target price of $29.00.

Vermilion Energy stock opened at $19.32 on Wednesday. The stock’s fifty day moving average price is $20.69 and its two-hundred day moving average price is $16.44. Vermilion Energy has a one year low of $5.51 and a one year high of $23.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.52 and a quick ratio of 0.50. The firm has a market cap of $3.19 billion, a PE ratio of 4.27 and a beta of 2.46.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last issued its earnings results on Monday, March 7th. The oil and gas company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.42. The firm had revenue of $611.07 million for the quarter. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. During the same period in the prior year, the business posted ($0.21) EPS. Sell-side analysts expect that Vermilion Energy will post 4.91 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.0464 per share. This represents a $0.19 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, June 29th. Vermilion Energy’s dividend payout ratio is currently 4.20%.

A number of large investors have recently made changes to their positions in the stock. Covestor Ltd bought a new position in Vermilion Energy during the 1st quarter worth $25,000. Gotham Asset Management LLC raised its position in Vermilion Energy by 1.5% during the 3rd quarter. Gotham Asset Management LLC now owns 94,292 shares of the oil and gas company’s stock worth $933,000 after purchasing an additional 1,375 shares during the last quarter. Hsbc Holdings PLC raised its position in Vermilion Energy by 4.2% during the 3rd quarter. Hsbc Holdings PLC now owns 36,763 shares of the oil and gas company’s stock worth $361,000 after purchasing an additional 1,480 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Vermilion Energy by 14.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,743 shares of the oil and gas company’s stock worth $173,000 after purchasing an additional 1,732 shares during the last quarter. Finally, CWM LLC bought a new position in Vermilion Energy during the 1st quarter worth $37,000. 25.59% of the stock is owned by institutional investors and hedge funds.

About Vermilion Energy (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

Further Reading

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