Vermilion Energy Inc. (NYSE:VET) traded up 3.2% on Wednesday . The stock traded as high as $35.52 and last traded at $35.50, with a volume of 61,389 shares changing hands. The stock had previously closed at $34.40.

Several equities research analysts recently weighed in on the company. CIBC reissued an “outperform” rating and set a $50.00 price objective on shares of Vermilion Energy in a report on Wednesday, June 15th. Zacks Investment Research raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, June 11th. TD Securities reissued a “buy” rating and set a $54.00 price objective (up previously from $53.00) on shares of Vermilion Energy in a report on Thursday, August 11th. Barclays PLC reissued an “overweight” rating and set a $59.00 price objective (up previously from $52.00) on shares of Vermilion Energy in a report on Thursday, August 11th. Finally, Scotiabank reissued an “outperform” rating and set a $56.50 price objective (up previously from $52.50) on shares of Vermilion Energy in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Vermilion Energy currently has a consensus rating of “Buy” and an average target price of $50.23.

The company’s market cap is $4.22 billion. The company has a 50-day moving average of $36.56 and a 200 day moving average of $32.91.

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Vermilion Energy (NYSE:VET) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.32) by $0.16. The firm earned $212.86 million during the quarter, compared to the consensus estimate of $151.30 million. Vermilion Energy had a negative return on equity of 8.50% and a negative net margin of 42.00%. On average, analysts anticipate that Vermilion Energy Inc. will post ($0.80) earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Thursday, September 22nd will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 20th. This represents a $1.98 annualized dividend and a dividend yield of 5.47%. Vermilion Energy’s payout ratio is currently -80.82%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC World Markets Inc. boosted its position in Vermilion Energy by 72.9% in the second quarter. CIBC World Markets Inc. now owns 624,158 shares of the company’s stock worth $19,861,000 after buying an additional 263,213 shares in the last quarter. Eqis Capital Management Inc. boosted its position in Vermilion Energy by 1.0% in the second quarter. Eqis Capital Management Inc. now owns 10,296 shares of the company’s stock worth $328,000 after buying an additional 100 shares in the last quarter. Creative Planning boosted its position in Vermilion Energy by 2.8% in the second quarter. Creative Planning now owns 3,650 shares of the company’s stock worth $116,000 after buying an additional 100 shares in the last quarter. Royal Bank of Canada boosted its position in Vermilion Energy by 3.4% in the first quarter. Royal Bank of Canada now owns 7,210,245 shares of the company’s stock worth $210,684,000 after buying an additional 235,521 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in Vermilion Energy by 21.7% in the first quarter. Legal & General Group Plc now owns 118,561 shares of the company’s stock worth $3,485,000 after buying an additional 21,112 shares in the last quarter. 44.67% of the stock is currently owned by hedge funds and other institutional investors.

About Vermilion Energy

Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.

5 Day Chart for NYSE:VET

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