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

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price gapped down prior to trading on Monday . The stock had previously closed at $11.92, but opened at $11.37. Vermilion Energy shares last traded at $11.5450, with a volume of 199,270 shares changing hands.

Wall Street Analysts Forecast Growth

VET has been the topic of several research analyst reports. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Friday. Weiss Ratings cut shares of Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. Scotiabank reaffirmed a “sector perform” rating on shares of Vermilion Energy in a report on Tuesday, April 21st. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Finally, Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.00.

Vermilion Energy Stock Performance

The company has a market cap of $1.76 billion, a PE ratio of -5.43 and a beta of 0.30. The stock has a 50 day simple moving average of $10.42 and a two-hundred day simple moving average of $11.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.00 and a quick ratio of 0.90.

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

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.7%. Vermilion Energy’s dividend payout ratio is currently -18.48%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi purchased a new stake in shares of Vermilion Energy in the first quarter valued at about $143,000. EverSource Wealth Advisors LLC grew its holdings in shares of Vermilion Energy by 251.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company’s stock worth $33,000 after buying an additional 1,714 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of 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 worth $20,867,000 after buying an additional 1,495,008 shares during the last quarter. Renaissance Technologies LLC increased its position in Vermilion Energy by 19.1% in the 1st quarter. Renaissance Technologies LLC now owns 130,122 shares of the oil and gas company’s stock valued at $1,793,000 after acquiring an additional 20,822 shares during the period. Finally, Compound Planning Inc. acquired a new position in Vermilion Energy in the 1st quarter valued at about $568,000. 31.91% of the stock is owned by hedge funds and other 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).