Brokerages Set Vermilion Energy Inc. (NYSE:VET) Price Target at $15.00

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been assigned an average rating of “Reduce” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $15.00.

VET has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on shares of Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 5th. Zacks Research downgraded shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Finally, Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC grew its position in Vermilion Energy by 4.6% in the third quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after purchasing an additional 359,878 shares in the last quarter. Ameriprise Financial Inc. increased its position in Vermilion Energy by 22.7% during the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after acquiring an additional 1,388,489 shares during the period. Vanguard Group Inc. increased its stake in Vermilion Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after acquiring an additional 73,242 shares during the period. UBS Group AG raised its position in shares of Vermilion Energy by 118.2% in the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after buying an additional 3,029,328 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after purchasing an additional 1,487,870 shares during the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Up 0.1%

Shares of NYSE VET opened at $12.81 on Wednesday. Vermilion Energy has a 1-year low of $6.22 and a 1-year high of $14.82. The company has a market cap of $1.96 billion, a PE ratio of -3.35 and a beta of 0.36. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average of $12.65 and a two-hundred day moving average of $10.31.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The company had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million. As a group, equities analysts expect that Vermilion Energy will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio is currently -10.47%.

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).