Vermilion Energy (NYSE:VET) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a strong-buy rating in a report published on Saturday morning.

A number of other research analysts have also issued reports on VET. Scotiabank restated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. Weiss Ratings lowered Vermilion Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research note on Friday. Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.00.

Vermilion Energy Trading Up 3.4%

NYSE:VET opened at $11.89 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $10.42 and its two-hundred day moving average is $11.14. Vermilion Energy has a 52 week low of $7.00 and a 52 week high of $14.82. The company has a market cap of $1.82 billion, a PE ratio of -5.63 and a beta of 0.31.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.17%. The firm had revenue of $390.53 million during the quarter, compared to the consensus estimate of $330.39 million.

Vermilion Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors 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 annualized dividend and a yield of 4.5%. Vermilion Energy’s payout ratio is presently -18.48%.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV raised its stake in shares of Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock worth $99,000 after buying an additional 1,289 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Vermilion Energy by 5.8% during 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 buying an additional 1,430 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $33,000 after buying an additional 1,714 shares in the last quarter. State of Wyoming grew its holdings in Vermilion Energy by 24.3% during the fourth quarter. State of Wyoming now owns 8,929 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 1,747 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Vermilion Energy by 3.2% during the fourth quarter. Osaic Holdings Inc. now owns 62,979 shares of the oil and gas company’s stock worth $525,000 after acquiring an additional 1,950 shares during the period. 31.91% of the stock is currently owned by institutional investors and hedge funds.

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).