Vermilion Energy Inc. (VET) Trading 2.2% Higher
Vermilion Energy Inc. (NYSE:VET) shares traded up 2.2% during mid-day trading on Thursday . The stock traded as high as $36.97 and last traded at $36.91, with a volume of 120,343 shares traded. The stock had previously closed at $36.12.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Vermilion Energy from a “sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Friday, August 12th. TD Securities restated a “buy” rating and set a $54.00 price objective (up previously from $53.00) on shares of Vermilion Energy in a report on Thursday, August 11th. Scotiabank reissued an “outperform” rating and issued a $56.50 target price (up previously from $52.50) on shares of Vermilion Energy in a research note on Thursday, August 11th. RBC Capital Markets reissued a “sector perform” rating and issued a $47.00 target price (up previously from $43.00) on shares of Vermilion Energy in a research note on Thursday, August 11th. Finally, Desjardins reissued a “buy” rating and issued a $52.00 target price (up previously from $47.50) on shares of Vermilion Energy in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.23.
The stock has a 50-day moving average price of $35.23 and a 200 day moving average price of $32.01. The company’s market cap is $4.40 billion.
Vermilion Energy (NYSE:VET) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by $0.16. The company had revenue of $212.86 million for the quarter, compared to analyst estimates of $151.30 million. Equities research analysts anticipate that Vermilion Energy Inc. will post ($0.69) EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 22nd will be given a dividend of $0.1634 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, August 18th.
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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