Vermilion Energy Stock Rating Upgraded by TheStreet (VET)
The analysts wrote, “Vermilion Energy (VET) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of Vermilion Energy (NYSE:VET) traded down 2.46% on Monday, hitting $67.31. 119,157 shares of the company’s stock traded hands. Vermilion Energy has a 52-week low of $48.50 and a 52-week high of $72.69. The stock has a 50-day moving average of $68.41 and a 200-day moving average of $61.87. The company has a market cap of $7.155 billion and a price-to-earnings ratio of 20.03.
Vermilion Energy (NYSE:VET) last announced its earnings results on Friday, May 2nd. The company reported $1.00 earnings per share (EPS) for the quarter. Analysts expect that Vermilion Energy will post $3.66 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1978 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Thursday, June 26th.
A number of other analysts have also recently weighed in on VET. Analysts at Bank of America initiated coverage on shares of Vermilion Energy in a research note on Wednesday, July 2nd. They set a “buy” rating and a $80.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Vermilion Energy from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $69.20 price target on the stock. Finally, analysts at Macquarie downgraded shares of Vermilion Energy to a “neutral” rating in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Vermilion Energy has an average rating of “Buy” and an average target price of $74.60.
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