Vermilion Energy (NYSE:VET) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) from a buy rating to a hold rating in a report released on Monday.

Several other equities analysts have also recently weighed in on VET. CIBC increased their price target on Vermilion Energy from C$32.00 to C$34.00 in a report on Wednesday, June 15th. Scotiabank raised their price objective on Vermilion Energy from C$36.00 to C$38.00 in a research report on Thursday, July 14th. Desjardins raised their price objective on Vermilion Energy from C$32.50 to C$40.00 in a research report on Thursday, June 2nd. Stifel Firstegy upgraded Vermilion Energy from a hold rating to a buy rating in a research report on Thursday, June 30th. Finally, National Bank Financial decreased their price objective on shares of Vermilion Energy from C$52.00 to C$48.00 in a research note on Monday, July 18th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Vermilion Energy has a consensus rating of Moderate Buy and an average target price of $33.67.

Vermilion Energy Stock Performance

VET stock opened at $25.01 on Monday. The stock has a market capitalization of $4.13 billion, a PE ratio of 5.53 and a beta of 2.47. Vermilion Energy has a 12-month low of $5.51 and a 12-month high of $26.02. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $21.34 and its 200 day simple moving average is $19.99.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last released its quarterly earnings data on Wednesday, May 11th. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.49. The business had revenue of $639.62 million for the quarter. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. As a group, research analysts forecast that Vermilion Energy will post 7.37 earnings per share for the current fiscal year.

Vermilion Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.0464 per share. This represents a $0.19 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, June 29th. Vermilion Energy’s dividend payout ratio is presently 4.20%.

Institutional Trading of Vermilion Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd purchased a new position in Vermilion Energy during the first quarter valued at approximately $25,000. CWM LLC purchased a new position in Vermilion Energy during the first quarter valued at approximately $37,000. EverSource Wealth Advisors LLC purchased a new position in Vermilion Energy during the second quarter valued at approximately $46,000. Maverick Capital Ltd. purchased a new position in Vermilion Energy during the fourth quarter valued at approximately $44,000. Finally, PNC Financial Services Group Inc. increased its holdings in Vermilion Energy by 8,245.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 4,700 shares during the period. Institutional investors own 25.59% of the company’s stock.

About Vermilion Energy

(Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

Further Reading

Analyst Recommendations for Vermilion Energy (NYSE:VET)

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