Vermilion Energy Inc. (NYSE:VET) Receives Average Rating of “Hold” from Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.00.

A number of brokerages have commented on VET. TD Securities restated a “buy” rating on shares of Vermilion Energy in a research note on Friday. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Desjardins raised Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st.

Hedge Funds Weigh In On Vermilion Energy

Several institutional investors have recently bought and sold shares of VET. Oppenheimer & Co. Inc. acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at $2,656,000. UBS Group AG grew its holdings in Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after acquiring an additional 3,029,328 shares during the last quarter. First Trust Advisors LP grew its holdings in Vermilion Energy by 36.6% during the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock worth $13,056,000 after acquiring an additional 253,681 shares during the last quarter. Lazard Asset Management LLC increased its position in Vermilion Energy by 7,879.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after acquiring an additional 1,495,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 worth $67,114,000 after acquiring an additional 1,487,870 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Stock Down 0.2%

VET opened at $11.89 on Monday. The company has a market capitalization of $1.82 billion, a P/E ratio of -5.63 and a beta of 0.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The firm’s fifty day moving average price is $10.42 and its two-hundred day moving average price is $11.16. Vermilion Energy has a fifty-two week low of $7.00 and a fifty-two week high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $390.53 million during the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s payout ratio is presently -18.48%.

About Vermilion Energy

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).