Vermilion Energy (NYSE:VET) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a sell rating to a hold rating in a research report released on Saturday morning.

VET has been the subject of several other reports. TD Securities reaffirmed a “buy” rating on shares of Vermilion Energy in a report on Thursday, December 11th. Desjardins cut Vermilion Energy from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 16th. Zacks Research downgraded Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a research note on Wednesday, January 21st. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Vermilion Energy in a report on Thursday, December 11th. 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Vermilion Energy Stock Performance

Shares of VET stock opened at $9.42 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.81 and a quick ratio of 0.71. The firm has a 50-day moving average of $8.70 and a 200-day moving average of $8.16. Vermilion Energy has a one year low of $5.14 and a one year high of $10.11. The company has a market cap of $1.44 billion, a P/E ratio of -8.56 and a beta of 0.69.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data 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). The firm had revenue of $337.28 million during the quarter, compared to the consensus estimate of $373.83 million. Vermilion Energy had a negative return on equity of 1.90% and a negative net margin of 12.08%. Equities research analysts forecast that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 5.5%. Vermilion Energy’s payout ratio is presently -33.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intact Investment Management Inc. increased its holdings in Vermilion Energy by 0.8% in the 4th quarter. Intact Investment Management Inc. now owns 1,089,100 shares of the oil and gas company’s stock worth $9,061,000 after acquiring an additional 8,600 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Vermilion Energy during the fourth quarter worth about $2,656,000. Pekin Hardy Strauss Inc. increased its stake in shares of Vermilion Energy by 27.0% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 122,375 shares of the oil and gas company’s stock worth $1,020,000 after purchasing an additional 26,000 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Vermilion Energy by 5.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 26,209 shares of the oil and gas company’s stock valued at $218,000 after purchasing an additional 1,430 shares during the period. Finally, UBS Group AG lifted its stake in shares of Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock valued at $46,645,000 after buying an additional 3,029,328 shares in the last quarter. Institutional investors own 31.91% of the company’s stock.

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).