Vermilion Energy (NYSE:VET) Shares Up 4.1% – Time to Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares traded up 4.1% on Friday. The company traded as high as $13.14 and last traded at $13.1640. 722,576 shares were traded during trading, a decline of 59% from the average session volume of 1,758,411 shares. The stock had previously closed at $12.65.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VET shares. Desjardins upgraded Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings cut Vermilion Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Vermilion Energy in a research report on Friday, October 9th. TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Finally, Wall Street Zen raised Vermilion Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Stock Performance

The company has a market capitalization of $2.00 billion, a PE ratio of -6.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The stock’s fifty day simple moving average is $12.23 and its 200-day simple moving average is $11.69.

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 (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.57. The company had revenue of $390.53 million for the quarter, compared to analysts’ expectations of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of C$0.14 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 4.1%. Vermilion Energy’s dividend payout ratio is presently -18.48%.

Institutional Trading of Vermilion Energy

A number of hedge funds have recently bought and sold shares of the company. Engineers Gate Manager LP raised its holdings in Vermilion Energy by 212.3% in the 2nd quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock valued at $1,615,000 after acquiring an additional 117,219 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Vermilion Energy by 127.7% during the second quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock worth $1,009,000 after purchasing an additional 60,415 shares during the last quarter. Aegis Financial Corp boosted its holdings in shares of Vermilion Energy by 27.3% during the second quarter. Aegis Financial Corp now owns 3,260,428 shares of the oil and gas company’s stock worth $30,499,000 after purchasing an additional 700,000 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Vermilion Energy in the second quarter valued at $2,116,000. Finally, Bank of America Corp DE purchased a new stake in shares of Vermilion Energy in the second quarter valued at $8,129,000. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company explores for, develops and produces crude oil, condensate, natural gas liquids and natural gas, with a portfolio focused on assets in North America and Europe.

Vermilion’s North American operations include oil and natural gas properties in Canada and the United States. In Europe, the company has historically maintained production and development interests in countries including France, the Netherlands, Germany and Croatia.