Vermilion Energy (NYSE:VET) Shares Gap Down – Here’s Why

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) gapped down before the market opened on Monday . The stock had previously closed at $11.15, but opened at $10.48. Vermilion Energy shares last traded at $10.44, with a volume of 297,223 shares traded.

Analysts Set New Price Targets

A number of brokerages recently commented on VET. TD Securities restated a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, April 21st. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.00.

Vermilion Energy Stock Down 1.8%

The business has a 50 day moving average of $12.20 and a 200 day moving average of $10.83. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -2.66 and a beta of 0.29.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.89). The firm had revenue of $369.04 million during the quarter, compared to analyst estimates of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. On average, equities analysts anticipate that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 5.3%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio is currently -10.21%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its stake in Vermilion Energy by 12.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after acquiring an additional 1,289 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Vermilion Energy by 5.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 1,430 shares in the last quarter. Savant Capital LLC raised its stake in Vermilion Energy by 14.8% during the third quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 1,671 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Vermilion Energy by 251.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 1,714 shares in the last quarter. Finally, Hilltop National Bank raised its stake in Vermilion Energy by 5.7% during the fourth quarter. Hilltop National Bank now owns 31,730 shares of the oil and gas company’s stock worth $265,000 after acquiring an additional 1,720 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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).