Vermilion Energy (NYSE:VET) Sees Strong Trading Volume on Analyst Upgrade

Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) shares saw strong trading volume on Friday after Scotiabank raised their price target on the stock from C$38.00 to C$40.00. 73,964 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 2,843,286 shares.The stock last traded at $24.99 and had previously closed at $23.92.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price on Vermilion Energy from C$40.00 to C$47.00 in a research note on Monday, August 15th. National Bank Financial dropped their price target on Vermilion Energy from C$52.00 to C$48.00 in a research note on Monday, July 18th. TD Securities increased their price target on Vermilion Energy from C$40.00 to C$45.00 in a research note on Friday, August 12th. Desjardins increased their price target on Vermilion Energy from C$32.50 to C$40.00 in a research note on Thursday, June 2nd. Finally, Raymond James increased their price target on Vermilion Energy from C$38.00 to C$40.00 in a research note on Friday, August 12th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.22.

Institutional Trading of Vermilion Energy

Several large investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Vermilion Energy by 312.1% in the 1st quarter. American Century Companies Inc. now owns 1,235,418 shares of the oil and gas company’s stock valued at $25,941,000 after acquiring an additional 935,659 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Vermilion Energy by 715.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,012,068 shares of the oil and gas company’s stock valued at $21,229,000 after acquiring an additional 887,943 shares in the last quarter. SIR Capital Management L.P. bought a new position in Vermilion Energy in the 4th quarter valued at about $8,375,000. Allianz Asset Management GmbH bought a new position in Vermilion Energy in the 1st quarter valued at about $13,498,000. Finally, Waratah Capital Advisors Ltd. bought a new position in Vermilion Energy in the 1st quarter valued at about $10,936,000. 24.97% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

The firm has a market cap of $4.05 billion, a P/E ratio of 6.20 and a beta of 2.43. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average is $23.88 and its two-hundred day moving average is $21.87.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last posted its earnings results on Thursday, August 11th. The oil and gas company reported $1.68 EPS for the quarter, topping the consensus estimate of $0.94 by $0.74. Vermilion Energy had a net margin of 28.34% and a return on equity of 43.05%. The firm had revenue of $672.99 million for the quarter. As a group, equities analysts predict that Vermilion Energy Inc. will post 6.32 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.0628 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.25 annualized dividend and a dividend yield of 1.02%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.05. Vermilion Energy’s dividend payout ratio (DPR) is currently 4.77%.

About Vermilion Energy

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Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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