Vermilion Energy Inc. (NYSE:VET) Stock Has Consensus Price Target of $15.00 According to Analysts

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.00.

VET has been the subject of several analyst reports. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Vermilion Energy in a report on Friday, October 9th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th.

Vermilion Energy Trading Up 4.2%

VET traded up $0.54 during midday trading on Friday, reaching $13.19. 1,619,406 shares of the company were exchanged, compared to its average volume of 1,255,823. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. Vermilion Energy has a one year low of $7.10 and a one year high of $14.82. The stock has a market capitalization of $2.00 billion, a P/E ratio of -6.24 and a beta of 0.58. The stock’s 50-day simple moving average is $12.28 and its 200 day simple moving average is $11.70.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The firm had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were issued a C$0.14 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.1%. Vermilion Energy’s dividend payout ratio is currently -18.48%.

Institutional Investors Weigh In On Vermilion Energy

Several institutional investors have recently made changes to their positions in VET. EverSource Wealth Advisors LLC grew its position in 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 worth $33,000 after acquiring an additional 1,714 shares in the last quarter. Amundi purchased a new stake in Vermilion Energy during the first quarter valued at approximately $143,000. Pictet Asset Management Holding SA raised its position in Vermilion Energy by 27.1% during the first quarter. Pictet Asset Management Holding SA now owns 33,304 shares of the oil and gas company’s stock valued at $457,000 after purchasing an additional 7,095 shares during the period. Deutsche Bank AG purchased a new stake in Vermilion Energy during the second quarter valued at approximately $328,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at approximately $383,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company explores for, develops and produces crude oil, condensate, natural gas liquids and natural gas, with a portfolio focused on assets in North America and Europe.

Vermilion’s North American operations include oil and natural gas properties in Canada and the United States. In Europe, the company has historically maintained production and development interests in countries including France, the Netherlands, Germany and Croatia.