Vermilion Energy (NYSE:VET) Trading 8.4% Higher on Analyst Upgrade

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares shot up 8.4% during mid-day trading on Wednesday after TD Securities upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $11.38 and last traded at $11.0560. Approximately 521,459 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,892,687 shares. The stock had previously closed at $10.20.

A number of other equities research analysts have also issued reports on VET. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Finally, Desjardins upgraded Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of “Hold” and an average target price of $15.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VET. EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $33,000 after buying an additional 1,714 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after acquiring an additional 4,136 shares during the period. State of Wyoming lifted its holdings in shares of Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares during the period. Amundi acquired a new position in Vermilion Energy in the first quarter worth about $143,000. Finally, LPL Financial LLC bought a new position in Vermilion Energy during the fourth quarter worth about $92,000. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Up 1.9%

The business has a fifty day simple moving average of $10.61 and a two-hundred day simple moving average of $11.03. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of -2.94 and a beta of 0.31.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). The firm had revenue of $369.04 million for the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Monday, June 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -10.21%.

Vermilion Energy Company Profile

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).