Shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $35.33.
VET has been the subject of a number of research reports. Zacks Investment Research lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 19th. Credit Suisse Group initiated coverage on shares of Vermilion Energy in a research report on Monday, July 15th. They set a “neutral” rating and a $32.00 target price for the company. ValuEngine lowered shares of Vermilion Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Royal Bank of Canada lowered shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $40.00 to $33.00 in a research report on Thursday, July 18th. Finally, Raymond James reiterated a “buy” rating on shares of Vermilion Energy in a research report on Friday, April 26th.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Vermilion Energy by 5.2% in the 4th quarter. BlackRock Inc. now owns 80,156 shares of the oil and gas company’s stock worth $1,689,000 after buying an additional 3,966 shares during the period. CIBC World Markets Inc. boosted its holdings in shares of Vermilion Energy by 0.3% in the 1st quarter. CIBC World Markets Inc. now owns 1,186,141 shares of the oil and gas company’s stock valued at $29,298,000 after buying an additional 3,636 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Vermilion Energy by 20.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 104,400 shares of the oil and gas company’s stock valued at $2,579,000 after buying an additional 17,567 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vermilion Energy by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 120,789 shares of the oil and gas company’s stock valued at $2,522,000 after buying an additional 11,151 shares in the last quarter. Finally, Henry James International Management Inc. bought a new stake in shares of Vermilion Energy in the 1st quarter valued at about $349,000. Institutional investors and hedge funds own 49.55% of the company’s stock.
Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Monday, July 29th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.27). Vermilion Energy had a return on equity of 11.59% and a net margin of 18.66%. The company had revenue of $320.01 million for the quarter, compared to the consensus estimate of $323.16 million. Equities research analysts anticipate that Vermilion Energy will post 0.41 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.176 per share. The ex-dividend date is Tuesday, July 30th. This represents a $2.11 annualized dividend and a yield of 14.31%. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. Vermilion Energy’s dividend payout ratio (DPR) is 274.03%.
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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