Vermilion Energy (NYSE:VET) Upgraded at Desjardins

Desjardins upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) to a hold rating in a report issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Performance

NYSE VET opened at $9.82 on Thursday. The firm’s 50 day simple moving average is $10.77 and its 200 day simple moving average is $10.95. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of -2.57 and a beta of 0.31. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. Vermilion Energy has a 1 year low of $7.00 and a 1 year high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.89). The company had revenue of $369.04 million during the quarter, compared to analysts’ expectations of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, June 15th. Vermilion Energy’s dividend payout ratio is -10.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VET. Amundi bought a new position in Vermilion Energy during the first quarter valued at $143,000. EverSource Wealth Advisors LLC increased its holdings in shares of Vermilion Energy by 251.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after buying an additional 1,714 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Vermilion Energy by 7,879.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after buying an additional 1,495,008 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Vermilion Energy by 19.1% during the 1st quarter. Renaissance Technologies LLC now owns 130,122 shares of the oil and gas company’s stock valued at $1,793,000 after buying an additional 20,822 shares in the last quarter. Finally, Compound Planning Inc. purchased a new stake in shares of Vermilion Energy during the 1st quarter valued at about $568,000. 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).