Vermilion Energy Inc. (NYSE:VET – Get 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
Vermilion Energy (NYSE:VET – Get 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
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.
- Get a free copy of the StockNews.com research report on Vermilion Energy (VET)
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
- The Auto Market Is Slowly Recovering, These Stocks May Outperform
- Is DocuSign On The Verge Of A Major Reversal?
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
Receive News & Ratings for Vermilion Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vermilion Energy and related companies with MarketBeat.com's FREE daily email newsletter.