Vermilion Energy (NYSE:VET) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a sell rating to a hold rating in a report released on Saturday morning.

VET has been the subject of a number of other reports. BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “moderate buy” rating in a report on Friday, March 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a report on Wednesday, January 21st. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Finally, Zacks Research upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Stock Performance

VET stock opened at $13.74 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of -4.49 and a beta of 0.42. The company has a 50-day simple moving average of $11.44 and a 200 day simple moving average of $9.41. Vermilion Energy has a fifty-two week low of $5.14 and a fifty-two week high of $14.82. The company has a quick ratio of 0.76, a current ratio of 0.84 and a debt-to-equity ratio of 0.58.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.33. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. The business had revenue of $334.64 million during the quarter, compared to the consensus estimate of $384.74 million. Sell-side analysts predict that Vermilion Energy will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, March 13th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s dividend payout ratio is presently -13.07%.

Institutional Trading of Vermilion Energy

Several institutional investors and hedge funds have recently bought and sold shares of VET. Goldman Sachs Group Inc. raised its holdings in Vermilion Energy by 51.4% during the 1st 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 during the period. JPMorgan Chase & Co. raised its holdings in Vermilion Energy by 197.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock worth $5,051,000 after buying an additional 460,247 shares during the period. Legal & General Group Plc raised its holdings in Vermilion Energy by 7.2% during the 2nd quarter. Legal & General Group Plc now owns 194,266 shares of the oil and gas company’s stock worth $1,415,000 after buying an additional 13,086 shares during the period. Hsbc Holdings PLC acquired a new stake in Vermilion Energy during the 2nd quarter worth about $573,000. Finally, Invesco Ltd. raised its holdings in Vermilion Energy by 20.0% during the 2nd quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock worth $929,000 after buying an additional 21,268 shares during the period. 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).