Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) shares gapped down before the market opened on Monday . The stock had previously closed at $23.13, but opened at $22.07. Vermilion Energy shares last traded at $22.55, with a volume of 74,067 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. National Bank Financial dropped their target price on Vermilion Energy from C$52.00 to C$48.00 in a report on Monday, July 18th. TD Securities lifted their target price on Vermilion Energy from C$40.00 to C$45.00 in a report on Friday, August 12th. Stifel Firstegy raised Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 30th. StockNews.com raised Vermilion Energy from a "hold" rating to a "buy" rating in a research note on Thursday, August 18th. Finally, BMO Capital Markets boosted their price target on Vermilion Energy from C$35.00 to C$40.00 in a research note on Friday, August 12th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Vermilion Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.22.
Get Vermilion Energy alerts:Vermilion Energy Stock Performance
The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.53. The stock has a 50-day simple moving average of $24.55 and a 200-day simple moving average of $22.13. The stock has a market cap of $3.71 billion, a P/E ratio of 5.67 and a beta of 2.43.
Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last released its earnings results on Thursday, August 11th. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.74. Vermilion Energy had a return on equity of 43.05% and a net margin of 28.34%. The firm had revenue of $672.99 million for the quarter. Research analysts forecast that Vermilion Energy Inc. will post 6.32 earnings per share for the current year.Vermilion Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.0628 per share. This is a boost from Vermilion Energy's previous quarterly dividend of $0.05. This represents a $0.25 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, September 29th. Vermilion Energy's payout ratio is 4.77%.
Institutional Trading of Vermilion Energy
Hedge funds and other institutional investors have recently made changes to their positions in the company. Fulcrum Equity Management bought a new stake in shares of Vermilion Energy during the first quarter worth about $634,000. Envestnet Asset Management Inc. bought a new stake in Vermilion Energy in the fourth quarter valued at approximately $313,000. Alberta Investment Management Corp boosted its holdings in Vermilion Energy by 655.2% in the fourth quarter. Alberta Investment Management Corp now owns 577,700 shares of the oil and gas company's stock valued at $7,272,000 after acquiring an additional 501,200 shares during the last quarter. Americana Partners LLC bought a new stake in Vermilion Energy in the first quarter valued at approximately $266,000. Finally, CWM LLC bought a new stake in Vermilion Energy in the first quarter valued at approximately $37,000. 24.97% of the stock is currently owned by institutional investors.
About Vermilion Energy
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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.
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