Vermilion Energy Inc. (NYSE:VET) Given Average Recommendation of “Moderate Buy” by Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.00.

Several research analysts have recently commented on the company. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. BMO Capital Markets started coverage on Vermilion Energy in a report on Tuesday, May 14th. They set an “outperform” rating on the stock.

Vermilion Energy Stock Performance

Vermilion Energy stock opened at $11.16 on Wednesday. The firm has a market capitalization of $1.77 billion, a P/E ratio of -4.01 and a beta of 2.03. The stock has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $11.61. Vermilion Energy has a 52-week low of $9.81 and a 52-week high of $15.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 1.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). The firm had revenue of $376.85 million for the quarter. Vermilion Energy had a positive return on equity of 11.65% and a negative net margin of 30.71%. During the same period in the prior year, the business earned $0.77 EPS. As a group, analysts anticipate that Vermilion Energy will post 1.45 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.0872 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.35 dividend on an annualized basis and a yield of 3.13%. Vermilion Energy’s payout ratio is -12.59%.

Institutional Trading of Vermilion Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in VET. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Vermilion Energy in the fourth quarter valued at approximately $84,000. Citigroup Inc. increased its stake in shares of Vermilion Energy by 40.3% in the 3rd quarter. Citigroup Inc. now owns 6,732 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 1,932 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of Vermilion Energy in the 1st quarter valued at approximately $127,000. AGF Management Ltd. bought a new stake in Vermilion Energy in the fourth quarter valued at approximately $143,000. Finally, Bank of Nova Scotia Trust Co. boosted its position in shares of Vermilion Energy by 15.8% during the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,593 shares in the last quarter. 31.91% of the stock is owned by institutional investors.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.