Vermilion Energy (NYSE:VET) Trading Up 7.2% – Should You Buy?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s stock price shot up 7.2% during trading on Friday . The stock traded as high as $9.29 and last traded at $9.2850. 342,789 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 1,233,312 shares. The stock had previously closed at $8.66.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. BMO Capital Markets restated a “market perform” rating on shares of Vermilion Energy in a research note on Friday, August 8th. Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, October 8th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Finally, Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Vermilion Energy Trading Up 7.0%

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. The firm has a market capitalization of $1.42 billion, a PE ratio of -10.65 and a beta of 1.13. The business’s 50-day moving average price is $8.11 and its 200-day moving average price is $7.71.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its earnings results 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). The business had revenue of $337.28 million during the quarter, compared to analysts’ expectations of $373.83 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. As a group, analysts expect that Vermilion Energy Inc. will post 0.22 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.13 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 5.6%. Vermilion Energy’s dividend payout ratio is presently -33.64%.

Institutional Investors Weigh In On Vermilion Energy

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of Vermilion Energy by 178.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 4,136 shares during the period. State of Wyoming purchased a new stake in Vermilion Energy during the third quarter worth about $56,000. Blue Trust Inc. grew its position in Vermilion Energy by 24.0% during the second quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company’s stock worth $57,000 after buying an additional 1,504 shares during the period. Savant Capital LLC purchased a new position in Vermilion Energy in the second quarter valued at about $82,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Vermilion Energy during the 2nd quarter valued at approximately $105,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.