Vermilion Energy (NYSE:VET) Stock Price Up 37%

Vermilion Energy Inc (NYSE:VET) (TSE:VET) shares rose 37% during mid-day trading on Wednesday . The company traded as high as $2.35 and last traded at $3.22, approximately 2,449,859 shares were traded during trading. A decline of 29% from the average daily volume of 3,437,066 shares. The stock had previously closed at $2.35.

VET has been the subject of a number of research analyst reports. National Bank Financial reiterated an “underperform overweight” rating on shares of Vermilion Energy in a research report on Monday, March 16th. Raymond James reiterated a “hold” rating and set a $5.00 price target on shares of Vermilion Energy in a research report on Thursday. Canaccord Genuity downgraded Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, March 10th. CIBC downgraded Vermilion Energy from an “outperform” rating to a “neutral” rating and set a $12.00 price target for the company. in a research report on Monday, March 9th. Finally, Credit Suisse Group dropped their price target on Vermilion Energy from $23.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Vermilion Energy presently has an average rating of “Hold” and a consensus target price of $13.86.

The stock has a 50-day moving average of $9.23 and a two-hundred day moving average of $13.95. The company has a market cap of $437.61 million, a P/E ratio of 17.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.84.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its earnings results on Friday, March 6th. The oil and gas company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.04. The company had revenue of $294.58 million during the quarter, compared to the consensus estimate of $293.23 million. Vermilion Energy had a return on equity of 3.30% and a net margin of 1.93%. As a group, sell-side analysts forecast that Vermilion Energy Inc will post -0.49 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.0833 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.00 dividend on an annualized basis and a yield of 34.47%. Vermilion Energy’s payout ratio is 633.33%.

A number of hedge funds have recently made changes to their positions in the business. IFP Advisors Inc lifted its position in Vermilion Energy by 738.5% in the fourth quarter. IFP Advisors Inc now owns 1,677 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 1,477 shares during the last quarter. Barclays PLC lifted its position in Vermilion Energy by 65.7% in the third quarter. Barclays PLC now owns 4,165 shares of the oil and gas company’s stock valued at $70,000 after purchasing an additional 1,651 shares during the last quarter. Coastal Investment Advisors Inc. bought a new stake in Vermilion Energy in the fourth quarter valued at approximately $43,000. Penbrook Management LLC lifted its position in Vermilion Energy by 5.0% in the fourth quarter. Penbrook Management LLC now owns 71,950 shares of the oil and gas company’s stock valued at $1,178,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its position in Vermilion Energy by 7.3% in the third quarter. Pictet Asset Management Ltd. now owns 57,187 shares of the oil and gas company’s stock valued at $953,000 after purchasing an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 31.24% of the company’s stock.

About Vermilion Energy (NYSE:VET)

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

Further Reading: Fundamental Analysis

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