Vermilion Energy Inc. (NYSE:VET) Receives $15.00 Consensus PT from Analysts

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have been given an average rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $15.00.

A number of brokerages recently issued reports on VET. Royal Bank Of Canada upped their price target on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Thursday, March 5th. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Wall Street Zen cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Finally, TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th.

Vermilion Energy Stock Up 0.4%

Shares of NYSE VET opened at $13.28 on Tuesday. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -4.34 and a beta of 0.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.84 and a quick ratio of 0.76. The business has a 50-day moving average of $10.82 and a two-hundred day moving average of $9.10. Vermilion Energy has a 1 year low of $5.14 and a 1 year high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.33. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%.The business had revenue of $334.64 million for the quarter, compared to the consensus estimate of $384.74 million. On average, analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. This represents a $0.54 annualized dividend and a dividend yield of 4.1%. Vermilion Energy’s dividend payout ratio is -13.07%.

Institutional Trading of Vermilion Energy

Several institutional investors and hedge funds have recently made changes to their positions in VET. Millennium Management LLC grew its stake in Vermilion Energy by 4.6% during the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock worth $64,161,000 after buying an additional 359,878 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock valued at $58,745,000 after buying an additional 1,388,489 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Vermilion Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 6,731,403 shares of the oil and gas company’s stock valued at $56,005,000 after acquiring an additional 73,242 shares during the period. UBS Group AG boosted its holdings in shares of Vermilion Energy by 118.2% in the fourth quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after acquiring an additional 3,029,328 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Vermilion Energy by 19.5% during the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after acquiring an additional 631,655 shares during the last quarter. 31.91% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy

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).