Vermilion Energy Inc. (NYSE:VET) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.00.

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th.

Institutional Trading of Vermilion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VET. EverSource Wealth Advisors LLC lifted its holdings in 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 worth $33,000 after purchasing an additional 1,714 shares in the last quarter. 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 purchasing an additional 7,095 shares during the period. Amundi purchased a new position in Vermilion Energy during the 1st quarter valued at about $143,000. CIBC Asset Management Inc grew its holdings in Vermilion Energy by 10.3% during the 4th quarter. CIBC Asset Management Inc now owns 144,324 shares of the oil and gas company’s stock valued at $1,202,000 after buying an additional 13,496 shares in the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in shares of Vermilion Energy during the fourth quarter valued at about $154,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Stock Up 0.3%

VET stock opened at $13.28 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -6.29 and a beta of 0.33. Vermilion Energy has a fifty-two week low of $7.10 and a fifty-two week high of $14.82. The stock has a fifty day moving average of $11.51 and a 200-day moving average of $11.71.

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 for the quarter, topping the consensus estimate of $0.05 by $0.57. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.The company had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million.

Vermilion Energy Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy’s dividend payout ratio (DPR) is presently -18.48%.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.