Vermilion Energy Inc. (VET) Sees Unusually-High Trading Volume
Shares of Vermilion Energy Inc. (NYSE:VET) saw an uptick in trading volume on Friday . 366,653 shares changed hands during mid-day trading, an increase of 143% from the previous session’s volume of 150,749 shares.The stock last traded at $34.79 and had previously closed at $33.80.
A number of research firms have recently weighed in on VET. Desjardins restated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Vermilion Energy in a report on Tuesday, May 10th. Zacks Investment Research upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 11th. Barclays PLC restated an “overweight” rating and issued a $45.00 target price on shares of Vermilion Energy in a report on Thursday, June 30th. Royal Bank Of Canada restated a “sector perform” rating and issued a $42.00 target price on shares of Vermilion Energy in a report on Monday, May 9th. Finally, CIBC restated an “outperform” rating and issued a $50.00 target price on shares of Vermilion Energy in a report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Vermilion Energy presently has a consensus rating of “Buy” and an average target price of $48.17.
The company’s market capitalization is $3.96 billion. The stock’s 50 day moving average is $32.38 and its 200-day moving average is $30.34.
Vermilion Energy (NYSE:VET) last posted its quarterly earnings data on Friday, May 6th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.77) by $0.01. The company had revenue of $177.40 million for the quarter, compared to analysts’ expectations of $186.50 million. Equities analysts anticipate that Vermilion Energy Inc. will post ($0.91) earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, August 15th. Shareholders of record on Friday, July 22nd will be issued a dividend of $0.1659 per share. This represents a $1.99 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend is Wednesday, July 20th.
Several large investors have modified their holdings of the stock. Morgan Stanley boosted its stake in shares of Vermilion Energy by 760.3% in the fourth quarter. Morgan Stanley now owns 53,142 shares of the company’s stock worth $1,441,000 after buying an additional 46,965 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Vermilion Energy by 70.5% in the fourth quarter. State of Wisconsin Investment Board now owns 95,757 shares of the company’s stock worth $2,593,000 after buying an additional 39,600 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Vermilion Energy by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 134,733 shares of the company’s stock worth $3,657,000 after buying an additional 13,634 shares during the period. Finally, I.G. Investment Management LTD. boosted its stake in shares of Vermilion Energy by 2.6% in the fourth quarter. I.G. Investment Management LTD. now owns 296,314 shares of the company’s stock worth $8,058,000 after buying an additional 7,427 shares during the period.
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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