Vermilion Energy (NYSE:VET) Shares Gap Down – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Vermilion Energy Inc. (NYSE:VET – Get Free Report) (TSE:VET) gapped down prior to trading on Friday . The stock had previously closed at $12.46, but opened at $11.51. Vermilion Energy shares last traded at $11.22, with a volume of 284,273 shares trading hands.
Analysts Set New Price Targets
VET has been the topic of several analyst reports. Royal Bank Of Canada upped their price objective on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.00.
Check Out Our Latest Research Report on Vermilion Energy
Vermilion Energy Price Performance
The firm has a market capitalization of $1.75 billion, a P/E ratio of -3.73 and a beta of 0.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.84. The firm has a 50-day moving average of $11.92 and a 200-day moving average of $9.65.
Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last released its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.33. The business had revenue of $334.64 million for the quarter, compared to analysts’ expectations of $384.74 million. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%. As a group, analysts predict that Vermilion Energy Inc. will post 0.22 EPS for the current year.
Vermilion Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s payout ratio is currently -13.07%.
Hedge Funds Weigh In On Vermilion Energy
Several hedge funds and other institutional investors have recently modified their holdings of VET. Tower Research Capital LLC TRC lifted its holdings in shares of Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares during the period. State of Wyoming bought a new position in shares of Vermilion Energy during the 3rd quarter valued at $56,000. Blue Trust Inc. lifted its holdings in shares of Vermilion Energy by 18.9% during the 3rd quarter. Blue Trust Inc. now owns 9,249 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 1,471 shares during the period. LPL Financial LLC bought a new position in shares of Vermilion Energy during the 4th quarter valued at $92,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after purchasing an additional 1,289 shares during the period. 31.91% of the stock is owned by institutional investors.
Vermilion Energy Company Profile
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).