Vermilion Energy Inc. (NYSE:VET) Receives Consensus Rating of “Reduce” from Analysts

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has received a consensus rating of “Reduce” from the eight analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of equities analysts have recently issued reports on VET shares. Scotiabank reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Zacks Research lowered shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Finally, Weiss Ratings upgraded shares of Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 22nd.

Hedge Funds Weigh In On Vermilion Energy

A number of large investors have recently modified their holdings of VET. Goldman Sachs Group Inc. lifted its holdings in Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock valued at $13,207,000 after buying an additional 553,281 shares during the period. JPMorgan Chase & Co. lifted its holdings in Vermilion Energy by 197.1% in the second quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock valued at $5,051,000 after buying an additional 460,247 shares during the period. Hsbc Holdings PLC acquired a new position in Vermilion Energy in the second quarter valued at approximately $573,000. Invesco Ltd. lifted its holdings in Vermilion Energy by 20.0% in the second quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock valued at $929,000 after buying an additional 21,268 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Vermilion Energy by 31.3% in the second quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company’s stock valued at $4,638,000 after buying an additional 151,895 shares during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

NYSE:VET opened at $11.36 on Friday. Vermilion Energy has a 12-month low of $7.00 and a 12-month high of $14.82. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.74 billion, a PE ratio of -2.97 and a beta of 0.29. The firm has a 50-day moving average price of $12.53 and a 200 day moving average price of $10.71.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.89). The business had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%. Research analysts anticipate that Vermilion Energy will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio is presently -10.47%.

About Vermilion Energy

Vermilion Energy Inc is a Canadian-based international oil and gas producer headquartered in Calgary, Alberta. Established in 1994, the company focuses on the exploration, development and production of crude oil and natural gas reserves through its wholly owned and joint venture assets. Vermilion’s upstream operations target a balance of oil and gas projects across various regions, with an emphasis on high-quality resource plays that can deliver stable cash flow and long-term reserves replacement.

Vermilion’s product portfolio includes light and medium crude oil, heavy oil, natural gas and natural gas liquids (NGLs).