Vermilion Energy (NYSE:VET) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a strong-buy rating to a buy rating in a report released on Saturday,Wall Street Zen reports.

Other analysts also recently issued reports about the company. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Monday, October 19th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Vermilion Energy in a research note on Friday, October 9th. Finally, Weiss Ratings lowered shares of Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Performance

NYSE VET opened at $10.46 on Friday. The stock has a market cap of $1.58 billion, a PE ratio of -4.58 and a beta of 0.52. Vermilion Energy has a twelve month low of $7.76 and a twelve month high of $14.82. The stock has a fifty day simple moving average of $12.51 and a 200-day simple moving average of $11.63. The company has a current ratio of 0.69, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, November 4th. The oil and gas company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.43). Vermilion Energy had a negative net margin of 22.78% and a positive return on equity of 4.25%. The company had revenue of $417.06 million during the quarter, compared to analyst estimates of $332.96 million.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of C$0.14 per share. This represents a $0.54 annualized dividend and a yield of 5.2%. The ex-dividend date is Tuesday, December 15th. Vermilion Energy’s dividend payout ratio is presently -17.11%.

Institutional Investors Weigh In On Vermilion Energy

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Vermilion Energy by 251.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,714 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in shares of Vermilion Energy by 1,493.3% during the third quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 4,480 shares during the period. Amundi purchased a new position in shares of Vermilion Energy during the 1st quarter worth $143,000. Pictet Asset Management Holding SA boosted its stake in Vermilion Energy by 27.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 33,304 shares of the oil and gas company’s stock worth $457,000 after buying an additional 7,095 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Vermilion Energy during the 2nd quarter worth about $328,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company’s shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.