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Vermilion Energy (NYSE:VET) Sees Large Volume Increase

Defense World · Sep 25, 2022 03:51

Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) shares saw strong trading volume on Friday . 138,834 shares traded hands during mid-day 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

A number of equities analysts have commented on the stock. Scotiabank downgraded shares of Vermilion Energy from an "outperform" rating to a "sector perform" rating in a report on Friday, September 16th. JPMorgan Chase & Co. raised shares of Vermilion Energy from an "underweight" rating to a "neutral" rating in a report on Thursday, September 15th. StockNews.com raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, August 18th. Stifel Firstegy raised shares of Vermilion Energy from a "hold" rating to a "buy" rating in a report on Thursday, June 30th. Finally, Stifel Nicolaus boosted their price target on shares of Vermilion Energy from C$40.00 to C$47.00 in a report on Monday, August 15th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.22.

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Vermilion Energy Price Performance

The business's 50-day simple moving average is $24.64 and its 200 day simple moving average is $22.10. The company has a market capitalization of $3.22 billion, a P/E ratio of 4.93 and a beta of 2.43. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59.

Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last posted its quarterly earnings data on Thursday, August 11th. The oil and gas company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.74. The business had revenue of $672.99 million during the quarter. Vermilion Energy had a net margin of 28.34% and a return on equity of 43.05%. As a group, sell-side analysts anticipate that Vermilion Energy Inc. will post 6.1 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.0628 dividend. The ex-dividend date is Thursday, September 29th. 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 1.28%. Vermilion Energy's dividend payout ratio (DPR) is 4.77%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd bought a new position in shares of Vermilion Energy in the first quarter valued at approximately $25,000. CWM LLC acquired a new position in Vermilion Energy in the first quarter worth approximately $37,000. Maverick Capital Ltd. acquired a new position in Vermilion Energy in the fourth quarter worth approximately $44,000. EverSource Wealth Advisors LLC acquired a new position in Vermilion Energy in the second quarter worth approximately $46,000. Finally, PNC Financial Services Group Inc. grew its position in Vermilion Energy by 8,245.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company's stock worth $99,000 after buying an additional 4,700 shares during the last quarter. 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.