Vermilion Energy (NYSE:VET) Shares Down 4.5% – Here’s Why

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price fell 4.5% on Thursday . The stock traded as low as $9.05 and last traded at $8.9950. 744,912 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,592,792 shares. The stock had previously closed at $9.42.

Analyst Ratings Changes

Several research firms have commented on VET. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a research report on Thursday, October 9th. Zacks Research lowered shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Desjardins cut shares of Vermilion Energy from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 16th. Wall Street Zen cut shares of Vermilion Energy from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Hold”.

Vermilion Energy Price Performance

The company has a market cap of $1.38 billion, a price-to-earnings ratio of -8.23 and a beta of 0.69. The company’s 50 day moving average price is $8.61 and its 200 day moving average price is $8.06. The company has a current ratio of 0.81, a quick ratio of 0.71 and a debt-to-equity ratio of 0.49.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.02) earnings per share 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 12.08% and a negative return on equity of 1.90%. Equities research analysts forecast that Vermilion Energy Inc. will post 0.22 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid 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 5.7%. Vermilion Energy’s dividend payout ratio is -33.64%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. grew its holdings in Vermilion Energy by 134.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 217,000 shares of the oil and gas company’s stock valued at $1,695,000 after buying an additional 124,500 shares during the period. American Century Companies Inc. lifted its holdings in shares of Vermilion Energy by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 3,231,446 shares of the oil and gas company’s stock worth $23,588,000 after acquiring an additional 398,617 shares during the period. Aegis Financial Corp lifted its holdings in shares of Vermilion Energy by 1,101.8% during the 2nd quarter. Aegis Financial Corp now owns 520,492 shares of the oil and gas company’s stock worth $3,792,000 after acquiring an additional 477,184 shares during the period. Mackenzie Financial Corp boosted its position in shares of Vermilion Energy by 317.5% in the second 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. Finally, Pekin Hardy Strauss Inc. grew its holdings in Vermilion Energy by 385.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 95,875 shares of the oil and gas company’s stock valued at $699,000 after purchasing an additional 76,125 shares during the period. 31.91% of the stock is owned by hedge funds and other institutional investors.

About Vermilion Energy

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).