Zacks Investment Research lowered shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) from a hold rating to a sell rating in a report issued on Thursday morning.
According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “
Other analysts have also issued research reports about the company. BidaskClub lowered Vermilion Energy from a sell rating to a strong sell rating in a report on Wednesday, August 16th. Royal Bank Of Canada raised Vermilion Energy from a sector perform rating to an outperform rating in a report on Thursday, July 27th. Finally, Scotiabank reaffirmed a buy rating and issued a $52.50 price objective on shares of Vermilion Energy in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $54.10.
Vermilion Energy (NYSE:VET) opened at 34.12 on Thursday. The stock has a market cap of $4.14 billion, a PE ratio of 66.90 and a beta of 0.53. The stock’s 50 day moving average price is $34.93 and its 200-day moving average price is $33.75. Vermilion Energy has a 12 month low of $29.91 and a 12 month high of $44.95.
Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, July 26th. The oil and gas company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.37. The business had revenue of $201.70 million during the quarter. Vermilion Energy had a return on equity of 4.52% and a net margin of 7.17%. Analysts anticipate that Vermilion Energy will post $0.66 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.177 dividend. This represents a $2.12 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Thursday, September 28th. Vermilion Energy’s payout ratio is currently 451.06%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Schafer Cullen Capital Management Inc. grew its holdings in shares of Vermilion Energy by 9.2% in the second quarter. Schafer Cullen Capital Management Inc. now owns 1,817,936 shares of the oil and gas company’s stock worth $57,683,000 after acquiring an additional 152,496 shares during the period. Sterling Capital Management LLC bought a new stake in shares of Vermilion Energy in the second quarter worth $219,000. Scotia Capital Inc. grew its holdings in shares of Vermilion Energy by 7.1% in the second quarter. Scotia Capital Inc. now owns 539,545 shares of the oil and gas company’s stock worth $17,064,000 after acquiring an additional 35,707 shares during the period. Bank of Nova Scotia grew its holdings in shares of Vermilion Energy by 96.6% in the second quarter. Bank of Nova Scotia now owns 467,961 shares of the oil and gas company’s stock worth $14,847,000 after acquiring an additional 229,883 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Vermilion Energy by 424.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,619 shares of the oil and gas company’s stock worth $436,000 after acquiring an additional 8,593 shares during the period. 53.57% of the stock is owned by institutional investors.
Vermilion Energy Company Profile
Get a free copy of the Zacks research report on Vermilion Energy (VET)
For more information about research offerings from Zacks Investment Research, visit Zacks.com