Shares of Vermilion Energy Inc (NYSE:VET) (TSE:VET) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.00.
A number of brokerages have recently weighed in on VET. Zacks Investment Research upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, July 17th. ValuEngine upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Raymond James began coverage on Vermilion Energy in a research report on Wednesday, September 19th. They set an “outperform” rating for the company. Canaccord Genuity restated a “buy” rating on shares of Vermilion Energy in a research report on Tuesday, October 30th. Finally, Wood & Company restated a “buy” rating on shares of Vermilion Energy in a research report on Monday, October 29th.
Institutional investors have recently modified their holdings of the company. New England Asset Management Inc. purchased a new position in shares of Vermilion Energy during the second quarter valued at about $165,000. SG Americas Securities LLC purchased a new position in shares of Vermilion Energy during the second quarter valued at about $220,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Vermilion Energy by 81.5% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,346 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 2,400 shares in the last quarter. SPC Financial Inc. bought a new position in shares of Vermilion Energy in the 2nd quarter valued at about $245,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Vermilion Energy by 34.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock valued at $283,000 after acquiring an additional 2,023 shares during the last quarter. Hedge funds and other institutional investors own 53.11% of the company’s stock.
Shares of Vermilion Energy stock opened at $23.97 on Friday. The stock has a market cap of $3.91 billion, a PE ratio of 47.00 and a beta of 0.84. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.73. Vermilion Energy has a twelve month low of $23.54 and a twelve month high of $40.59.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be given a dividend of $0.176 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 8.81%. Vermilion Energy’s payout ratio is 419.61%.
About Vermilion Energy
Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.
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