Vermilion Energy (NYSE:VET) Shares Down 4.5% – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price dropped 4.5% on Thursday . The company traded as low as $9.05 and last traded at $8.9950. Approximately 744,912 shares changed hands during trading, a decline of 53% from the average daily volume of 1,592,792 shares. The stock had previously closed at $9.42.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VET. Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 16th. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Thursday, October 9th. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Vermilion Energy Stock Down 3.9%

The firm has a 50-day simple moving average of $8.61 and a 200 day simple moving average of $8.06. The company has a market capitalization of $1.38 billion, a PE ratio of -8.23 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.

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

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 5.7%. Vermilion Energy’s dividend payout ratio (DPR) is -33.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after buying an additional 553,281 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Vermilion Energy in the second quarter valued at $382,000. Hilltop National Bank bought a new position in Vermilion Energy during the 2nd quarter valued at $218,000. Blue Trust Inc. grew its holdings in Vermilion Energy by 24.0% during the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after acquiring an additional 1,504 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Vermilion Energy by 160.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,728 shares of the oil and gas company’s stock worth $420,000 after acquiring an additional 35,525 shares in the last quarter. 31.91% of the stock is currently 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).