Vermilion Energy Inc (NYSE:VET) (TSE:VET)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $18.60, but opened at $18.29. Vermilion Energy shares last traded at $17.81, with a volume of 951,852 shares changing hands.

A number of research analysts recently issued reports on VET shares. Royal Bank of Canada lowered shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $40.00 to $33.00 in a research note on Thursday, July 18th. Credit Suisse Group started coverage on shares of Vermilion Energy in a research note on Monday, July 15th. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.00.

The business’s 50 day moving average is $15.48 and its 200-day moving average is $21.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 0.85. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 22.58 and a beta of 1.18.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Monday, July 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.27). The company had revenue of $320.01 million during the quarter, compared to analyst estimates of $323.16 million. Vermilion Energy had a return on equity of 11.59% and a net margin of 18.66%. Equities research analysts forecast that Vermilion Energy Inc will post 0.41 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.174 dividend. This represents a $2.09 annualized dividend and a yield of 11.99%. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, August 29th. Vermilion Energy’s dividend payout ratio (DPR) is currently 271.43%.

A number of hedge funds and other institutional investors have recently bought and sold shares of VET. Pictet Asset Management Ltd. lifted its holdings in shares of Vermilion Energy by 1.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 53,287 shares of the oil and gas company’s stock worth $1,160,000 after acquiring an additional 700 shares during the period. Lincluden Management Ltd. lifted its holdings in Vermilion Energy by 4.8% during the 2nd quarter. Lincluden Management Ltd. now owns 24,158 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 1,110 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in Vermilion Energy during the 2nd quarter valued at about $27,000. JPMorgan Chase & Co. raised its stake in shares of Vermilion Energy by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 266,204 shares of the oil and gas company’s stock worth $6,575,000 after acquiring an additional 1,695 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of Vermilion Energy by 39.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 11,624 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 3,262 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

About Vermilion Energy (NYSE:VET)

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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