Vermilion Energy (NYSE:VET) Upgraded at TD Securities

TD Securities upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

VET has been the topic of a number of other reports. ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Vermilion Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.

Vermilion Energy Stock Up 0.2%

Shares of NYSE:VET opened at $11.26 on Wednesday. The company’s fifty day moving average is $10.58 and its two-hundred day moving average is $11.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. Vermilion Energy has a 1-year low of $7.00 and a 1-year high of $14.82. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -2.95 and a beta of 0.31.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) 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 net margin of 43.49% and a negative return on equity of 2.40%.

Vermilion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.135 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.54 annualized dividend and a yield of 4.8%. Vermilion Energy’s dividend payout ratio is presently -10.21%.

Institutional Trading of Vermilion Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in VET. EverSource Wealth Advisors LLC boosted its holdings in shares of Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 1,714 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 4,136 shares in the last quarter. State of Wyoming increased its position in shares of Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 1,747 shares during the period. Amundi bought a new stake in shares of Vermilion Energy in the 1st quarter worth $143,000. Finally, LPL Financial LLC acquired a new stake in shares of Vermilion Energy in the fourth quarter valued at $92,000. 31.91% of the stock is currently owned by institutional investors.

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).