Vermilion Energy (NYSE:VET) Sets New 12-Month High – Time to Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) hit a new 52-week high on Wednesday . The company traded as high as $9.87 and last traded at $9.6350, with a volume of 358952 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VET. Desjardins lowered shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Zacks Research cut Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. Wall Street Zen cut Vermilion Energy from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Vermilion Energy Price Performance

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 company has a 50-day moving average price of $8.68 and a 200-day moving average price of $8.13. The firm has a market capitalization of $1.48 billion, a P/E ratio of -8.79 and a beta of 0.69.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its earnings results on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share (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 company had revenue of $337.28 million for the quarter, compared to the consensus estimate of $373.83 million. On average, sell-side analysts predict that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.4%. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.64%.

Institutional Trading of Vermilion Energy

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares in the last quarter. State of Wyoming acquired a new stake in shares of Vermilion Energy during the third quarter worth $56,000. Blue Trust Inc. lifted its position in Vermilion Energy by 24.0% in the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 1,504 shares in the last quarter. Savant Capital LLC acquired a new position in Vermilion Energy in the 2nd quarter worth $82,000. Finally, NewEdge Advisors LLC bought a new position in Vermilion Energy during the 2nd quarter worth about $105,000. 31.91% of the stock is owned by institutional investors.

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).