Vermilion Energy (NYSE:VET) Shares Down 6.3% – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) was down 6.3% during mid-day trading on Monday . The company traded as low as $7.89 and last traded at $8.0050. Approximately 762,167 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 802,961 shares. The stock had previously closed at $8.54.

Analyst Ratings Changes

A number of analysts have recently weighed in on VET shares. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Vermilion Energy in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Vermilion Energy Stock Performance

The stock has a market cap of $1.25 billion, a P/E ratio of -7.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71. The company has a fifty day moving average of $8.45 and a 200 day moving average of $7.98.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The firm had revenue of $337.28 million during the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%. On average, equities analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 6.4%. Vermilion Energy’s dividend payout ratio is currently -33.64%.

Hedge Funds Weigh In On Vermilion Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of Vermilion Energy by 4.6% in the 3rd quarter. Millennium Management LLC now owns 8,214,261 shares of the oil and gas company’s stock valued at $64,161,000 after purchasing an additional 359,878 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after buying an additional 1,388,489 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Vermilion Energy by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 6,658,161 shares of the oil and gas company’s stock worth $52,007,000 after purchasing an additional 222,344 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Vermilion Energy by 19.5% in the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock valued at $30,173,000 after acquiring an additional 631,655 shares during the period. Finally, LM Asset IM Inc. grew its position in Vermilion Energy by 14.3% in the 2nd quarter. LM Asset IM Inc. now owns 2,790,000 shares of the oil and gas company’s stock worth $20,327,000 after purchasing an additional 350,000 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).