Vermilion Energy Inc. (NYSE:VET) Receives $15.00 Consensus Target Price from Brokerages

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.00.

Several analysts recently commented on VET shares. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Friday, March 27th. TD Securities reissued a “hold” rating on shares of Vermilion Energy in a report on Thursday, March 5th. Finally, Wall Street Zen raised Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Vermilion Energy Stock Performance

Shares of VET opened at $11.15 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.63 and a quick ratio of 0.58. Vermilion Energy has a one year low of $7.00 and a one year high of $14.82. The firm has a market capitalization of $1.71 billion, a P/E ratio of -2.92 and a beta of 0.29. The business has a fifty day moving average of $12.31 and a 200 day moving average of $10.79.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.67) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.89). Vermilion Energy had a negative return on equity of 2.40% and a negative net margin of 43.49%.The firm had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million. As a group, sell-side analysts anticipate that Vermilion Energy will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, June 15th. Vermilion Energy’s payout ratio is currently -10.47%.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds have recently made changes to their positions in VET. Goldman Sachs Group Inc. boosted its stake in shares of Vermilion Energy by 51.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company’s stock worth $13,207,000 after acquiring an additional 553,281 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Vermilion Energy by 197.1% in the second quarter. JPMorgan Chase & Co. now owns 693,788 shares of the oil and gas company’s stock worth $5,051,000 after acquiring an additional 460,247 shares during the period. Hsbc Holdings PLC bought a new position in shares of Vermilion Energy in the second quarter worth about $573,000. Invesco Ltd. boosted its stake in shares of Vermilion Energy by 20.0% in the second quarter. Invesco Ltd. now owns 127,675 shares of the oil and gas company’s stock worth $929,000 after acquiring an additional 21,268 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Vermilion Energy by 31.3% in the second quarter. First Trust Advisors LP now owns 637,107 shares of the oil and gas company’s stock worth $4,638,000 after buying an additional 151,895 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).