Vermilion Energy (NYSE:VET) Shares Down 5.2% – Should You Sell?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares were down 5.2% during mid-day trading on Wednesday . The stock traded as low as $12.87 and last traded at $12.7620. Approximately 261,230 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,816,156 shares. The stock had previously closed at $13.46.

Wall Street Analysts Forecast Growth

VET has been the topic of several recent research reports. Weiss Ratings upgraded Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. Desjardins raised shares of Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research note on Tuesday, May 19th. Wall Street Zen upgraded shares of Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Zacks Research raised shares of Vermilion Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.00.

Vermilion Energy Trading Down 4.6%

The firm has a market capitalization of $1.96 billion, a P/E ratio of -6.10 and a beta of 0.33. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $11.60 and a 200-day moving average of $11.73.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. The firm had revenue of $390.53 million for the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a positive return on equity of 5.26% and a negative net margin of 22.48%.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a $0.135 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio (DPR) is presently -18.48%.

Institutional Investors Weigh In On Vermilion Energy

Several institutional investors and hedge funds have recently bought and sold shares of VET. Dimensional Fund Advisors LP increased its holdings in Vermilion Energy by 44.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after buying an additional 1,487,870 shares during the period. Aegis Financial Corp lifted its holdings in shares of Vermilion Energy by 93.9% during the 1st quarter. Aegis Financial Corp now owns 2,560,428 shares of the oil and gas company’s stock worth $35,175,000 after acquiring an additional 1,239,936 shares during the period. LM Asset Management Inc. acquired a new stake in shares of Vermilion Energy during the 2nd quarter worth approximately $34,468,381. Arrowstreet Capital Limited Partnership bought a new position in Vermilion Energy in the first quarter valued at approximately $31,144,000. Finally, Lazard Asset Management LLC raised its position in Vermilion Energy by 7,879.7% during the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after purchasing an additional 1,495,008 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.