Vermilion Energy Inc. (NYSE:VET) Given Consensus Rating of “Hold” by Brokerages

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company.

VET has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Desjardins lowered Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 16th. Wall Street Zen upgraded Vermilion Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Finally, Zacks Research lowered shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th.

Vermilion Energy Price Performance

Shares of VET opened at $8.27 on Thursday. The firm’s 50 day moving average price is $8.51 and its 200 day moving average price is $7.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.81. The firm has a market cap of $1.27 billion, a PE ratio of -7.51 and a beta of 0.69. Vermilion Energy has a twelve month low of $5.14 and a twelve month high of $10.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%.The business had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. As a group, research analysts expect that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Monday, December 15th. Vermilion Energy’s dividend payout ratio is currently -33.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VET. Mackenzie Financial Corp grew its position in Vermilion Energy by 317.5% during the 2nd quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company’s stock worth $14,423,000 after acquiring an additional 1,501,741 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Vermilion Energy by 22.7% in the third quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after purchasing an additional 1,388,489 shares in the last quarter. American Century Companies Inc. boosted its stake in Vermilion Energy by 19.5% in the third quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after purchasing an additional 631,655 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Vermilion Energy by 51.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after purchasing an additional 553,281 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Vermilion Energy by 77.1% in the second quarter. Bank of America Corp DE now owns 1,245,537 shares of the oil and gas company’s stock valued at $9,068,000 after buying an additional 542,352 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

Vermilion Energy Company Profile

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).