Vermilion Energy (NYSE:VET) Shares Gap Down – Here’s Why

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares gapped down prior to trading on Monday . The stock had previously closed at $13.89, but opened at $13.23. Vermilion Energy shares last traded at $13.2540, with a volume of 990,589 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Securities restated a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. Zacks Research raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Trading Up 2.3%

The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $10.64 and its two-hundred day simple moving average is $9.04. The stock has a market capitalization of $2.04 billion, a P/E ratio of -4.36 and a beta of 0.61.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.33. The company had revenue of $334.64 million for the quarter, compared to the consensus estimate of $384.74 million. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. As a group, analysts forecast that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.135 per share. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, March 13th. Vermilion Energy’s dividend payout ratio is presently -13.07%.

Institutional Trading of Vermilion Energy

A number of hedge funds have recently modified their holdings of the company. Millennium Management LLC increased its position in shares of Vermilion Energy by 4.6% during 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 during the period. Ameriprise Financial Inc. lifted its position in Vermilion Energy by 22.7% in 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 purchasing an additional 1,388,489 shares during the period. Vanguard Group Inc. lifted its position in Vermilion Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock worth $56,005,000 after purchasing an additional 73,242 shares during the period. UBS Group AG boosted its stake in Vermilion Energy by 118.2% during the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after buying an additional 3,029,328 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after buying an additional 631,655 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

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).