Vermilion Energy (NYSE:VET) Shares Gap Down – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (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 traded.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price target on shares of Vermilion Energy from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. Finally, Zacks Research lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Down 7.8%

The business has a 50-day simple moving average of $11.94 and a two-hundred day simple moving average of $9.69. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -3.75 and a beta of 0.42. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share 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. As a group, equities analysts forecast that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.7%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, March 13th. Vermilion Energy’s dividend payout ratio is -13.07%.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 4,136 shares during the last quarter. State of Wyoming acquired a new position in Vermilion Energy during the third quarter valued at approximately $56,000. Blue Trust Inc. grew its stake in shares of Vermilion Energy by 18.9% in the third quarter. Blue Trust Inc. now owns 9,249 shares of the oil and gas company’s stock worth $72,000 after acquiring an additional 1,471 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Vermilion Energy in the fourth quarter worth $92,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,289 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

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).