Brokerages Set Vermilion Energy Inc. (NYSE:VET) Price Target at $15.00

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.00.

Several research firms recently issued reports on VET. Zacks Research upgraded Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen upgraded Vermilion Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 20th. Desjardins upgraded Vermilion Energy to a “hold” rating in a research report on Thursday, July 16th. Finally, TD Securities reissued a “buy” rating on shares of Vermilion Energy in a research note on Friday, July 31st.

Hedge Funds Weigh In On Vermilion Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Vermilion Energy by 44.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,870,457 shares of the oil and gas company’s stock valued at $67,114,000 after acquiring an additional 1,487,870 shares in the last quarter. Aegis Financial Corp lifted its stake in Vermilion Energy by 93.9% in the 1st quarter. Aegis Financial Corp now owns 2,560,428 shares of the oil and gas company’s stock worth $35,175,000 after purchasing an additional 1,239,936 shares in the last quarter. LM Asset Management Inc. acquired a new position in shares of Vermilion Energy during the 2nd quarter worth approximately $34,468,381. Arrowstreet Capital Limited Partnership acquired a new position in shares of Vermilion Energy during the 1st quarter worth approximately $31,144,000. Finally, Lazard Asset Management LLC grew its position in shares of Vermilion Energy by 7,879.7% in the first quarter. Lazard Asset Management LLC now owns 1,513,981 shares of the oil and gas company’s stock valued at $20,867,000 after purchasing an additional 1,495,008 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors and hedge funds.

Vermilion Energy Stock Performance

Shares of NYSE VET opened at $11.92 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. Vermilion Energy has a 12 month low of $7.10 and a 12 month high of $14.82. The company has a 50 day simple moving average of $11.83 and a two-hundred day simple moving average of $11.77. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -5.64 and a beta of 0.33.

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

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.135 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.5%. Vermilion Energy’s dividend payout ratio is presently -18.48%.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.