Zacks Investment Research lowered shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a strong-buy rating to a strong sell rating in a research note issued to investors on Wednesday.
According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “
Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Vermilion Energy in a research report on Monday, February 12th. They set an overweight rating on the stock. ValuEngine lowered shares of Vermilion Energy from a hold rating to a sell rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. Vermilion Energy has an average rating of Hold and a consensus price target of $47.83.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Thursday, March 1st. The oil and gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.12). Vermilion Energy had a return on equity of 4.92% and a net margin of 5.32%. The company had revenue of $249.88 million for the quarter, compared to analyst estimates of $244.23 million. equities analysts anticipate that Vermilion Energy will post 0.76 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.171 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.05 annualized dividend and a yield of 6.47%. Vermilion Energy’s payout ratio is currently 544.74%.
Several hedge funds have recently added to or reduced their stakes in VET. Advisor Group Inc. grew its position in shares of Vermilion Energy by 173.6% in the third quarter. Advisor Group Inc. now owns 3,122 shares of the oil and gas company’s stock valued at $111,000 after purchasing an additional 1,981 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $127,000. American International Group Inc. acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $204,000. Koch Industries Inc. acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $262,000. Finally, HPM Partners LLC acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at approximately $283,000. Institutional investors and hedge funds own 56.02% of the company’s stock.
About Vermilion Energy
Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.
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