Zacks Investment Research upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. The firm currently has $26.00 price objective on the oil and gas company’s stock.
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. “
VET has been the topic of a number of other reports. ValuEngine downgraded shares of Vermilion Energy from a sell rating to a strong sell rating in a research note on Wednesday, May 8th. Raymond James reiterated a buy rating on shares of Vermilion Energy in a research note on Thursday, February 28th. TD Securities downgraded shares of Vermilion Energy from a buy rating to a hold rating in a research note on Thursday, April 18th. BMO Capital Markets reiterated a hold rating on shares of Vermilion Energy in a research note on Thursday, February 28th. Finally, TheStreet upgraded shares of Vermilion Energy from a d+ rating to a c rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Vermilion Energy presently has an average rating of Buy and a consensus target price of $35.67.
Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Thursday, February 28th. The oil and gas company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.64. The business had revenue of $345.78 million for the quarter, compared to the consensus estimate of $363.33 million. Vermilion Energy had a net margin of 15.42% and a return on equity of 13.10%. On average, analysts predict that Vermilion Energy will post 1.02 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.1714 per share. The ex-dividend date is Thursday, May 30th. This represents a $2.06 dividend on an annualized basis and a yield of 9.47%. Vermilion Energy’s payout ratio is 268.83%.
Institutional investors have recently made changes to their positions in the business. Lincluden Management Ltd. grew its position in shares of Vermilion Energy by 33.1% during the 1st quarter. Lincluden Management Ltd. now owns 23,048 shares of the oil and gas company’s stock worth $569,000 after buying an additional 5,735 shares during the period. SEI Investments Co grew its position in shares of Vermilion Energy by 3.9% during the 1st quarter. SEI Investments Co now owns 14,196 shares of the oil and gas company’s stock worth $369,000 after buying an additional 532 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Vermilion Energy by 701.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,196,091 shares of the oil and gas company’s stock worth $78,944,000 after buying an additional 2,797,508 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of Vermilion Energy during the 1st quarter worth approximately $58,000. Finally, Geode Capital Management LLC grew its position in shares of Vermilion Energy by 48.7% during the 1st quarter. Geode Capital Management LLC now owns 179,607 shares of the oil and gas company’s stock worth $4,625,000 after buying an additional 58,818 shares during the period. Hedge funds and other institutional investors own 50.38% of the company’s stock.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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