Vermilion Energy Inc. (NYSE:VET) Given Consensus Recommendation of “Hold” by Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.00.

VET has been the topic of several recent research reports. Wall Street Zen raised shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Desjardins upgraded shares of Vermilion Energy to a “hold” rating in a research note on Thursday, July 16th. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a report on Friday, July 31st. Finally, Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th.

Vermilion Energy Trading Down 1.1%

Shares of VET opened at $12.52 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -5.93 and a beta of 0.33. The company has a 50-day moving average of $11.78 and a 200 day moving average of $11.77. Vermilion Energy has a 1-year low of $7.10 and a 1-year high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The business had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.3%. Vermilion Energy’s dividend payout ratio (DPR) is currently -18.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VET. Canada Pension Plan Investment Board acquired a new stake in Vermilion Energy during the 2nd quarter valued at $1,100,000. The Manufacturers Life Insurance Company acquired a new position in Vermilion Energy during the second quarter valued at approximately $2,300,000. First Trust Advisors LP lifted its position in Vermilion Energy by 36.6% during the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company’s stock worth $13,056,000 after acquiring an additional 253,681 shares during the last quarter. Lazard Asset Management LLC grew its position in Vermilion Energy by 7,879.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock worth $20,867,000 after purchasing an additional 1,495,008 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock worth $67,114,000 after purchasing an additional 1,487,870 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

About Vermilion Energy

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.