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

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.00.

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Weiss Ratings lowered Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Finally, Desjardins raised shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Vermilion Energy by 251.0% during the 1st 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 in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Vermilion Energy by 178.7% in 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 buying an additional 4,136 shares during the period. State of Wyoming increased its stake in shares of Vermilion Energy by 24.3% in 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 in the last quarter. Amundi bought a new position in shares of Vermilion Energy in the 1st quarter worth about $143,000. Finally, LPL Financial LLC purchased a new position in Vermilion Energy during the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 31.91% of the company’s stock.

Vermilion Energy Trading Down 0.0%

NYSE:VET opened at $11.26 on Monday. The company has a market cap of $1.72 billion, a P/E ratio of -2.95 and a beta of 0.31. The stock’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $11.06. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. The firm had revenue of $369.04 million for the quarter, compared to analysts’ expectations of $368.66 million.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio is -10.21%.

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).