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Vermilion Energy (NYSE:VET) Sees Unusually-High Trading Volume

Financial News Live · Sep 23, 2022 14:22

Shares of Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) saw strong trading volume on Friday . 138,834 shares changed hands during trading, a decline of 95% from the previous session's volume of 2,689,629 shares.The stock last traded at $19.82 and had previously closed at $21.56.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com raised Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, August 18th. TD Securities boosted their target price on shares of Vermilion Energy from C$40.00 to C$45.00 in a research report on Friday, August 12th. Stifel Nicolaus increased their price target on shares of Vermilion Energy from C$40.00 to C$47.00 in a report on Monday, August 15th. National Bank Financial dropped their price objective on shares of Vermilion Energy from C$52.00 to C$48.00 in a report on Monday, July 18th. Finally, Scotiabank cut shares of Vermilion Energy from an "outperform" rating to a "sector perform" rating in a research note on Friday, September 16th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.22.

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Vermilion Energy Stock Performance

The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 5.42 and a beta of 2.43. The firm's 50-day moving average price is $24.65 and its two-hundred day moving average price is $22.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.53 and a current ratio of 0.55.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last announced its quarterly earnings results on Thursday, August 11th. The oil and gas company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.74. Vermilion Energy had a net margin of 28.34% and a return on equity of 43.05%. The firm had revenue of $672.99 million during the quarter. Sell-side analysts predict that Vermilion Energy Inc. will post 6.1 earnings per share for the current year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.0628 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 1.28%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, September 29th. Vermilion Energy's dividend payout ratio is 4.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. increased its position in shares of Vermilion Energy by 14.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 13,743 shares of the oil and gas company's stock worth $173,000 after purchasing an additional 1,732 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Vermilion Energy in the 4th quarter worth approximately $313,000. Raymond James & Associates bought a new stake in Vermilion Energy during the 4th quarter worth approximately $148,000. O Shaughnessy Asset Management LLC acquired a new stake in Vermilion Energy during the 4th quarter valued at $809,000. Finally, Schroder Investment Management Group raised its position in Vermilion Energy by 90.3% in the 4th quarter. Schroder Investment Management Group now owns 340,947 shares of the oil and gas company's stock valued at $5,421,000 after purchasing an additional 161,781 shares during the last quarter. 24.97% of the stock is 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.