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Vermilion Energy Inc. (NYSE:VET) Short Interest Update – MarketBeat

Written by Amanda

Vermilion Energy Inc. (NYSE:VET) Short Interest Update  MarketBeat

Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET) saw a significant decline in short interest in May. As of May 31st, there was short interest totalling 3,530,000 shares, a decline of 22.6% from the May 15th total of 4,560,000 shares. Based on an average daily trading volume, of 2,600,000 shares, the short-interest ratio is currently 1.4 days. Currently, 2.2% of the shares of the stock are short sold.

A number of research firms have recently weighed in on VET. StockNews.com upgraded shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, May 25th. Scotiabank lifted their price objective on shares of Vermilion Energy from C$30.00 to C$36.00 in a research note on Wednesday, June 8th. Raymond James decreased their price objective on shares of Vermilion Energy from C$38.00 to C$35.00 in a research note on Tuesday, March 29th. Stifel Nicolaus decreased their price objective on shares of Vermilion Energy from C$34.00 to C$33.50 in a research note on Tuesday, March 29th. Finally, CIBC lifted their price objective on shares of Vermilion Energy from C$25.00 to C$32.00 in a research note on Thursday, June 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $33.06.

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Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd acquired a new position in Vermilion Energy in the first quarter valued at $25,000. CWM LLC acquired a new position in shares of Vermilion Energy during the first quarter valued at about $37,000. Maverick Capital Ltd. acquired a new position in shares of Vermilion Energy during the fourth quarter valued at about $44,000. PNC Financial Services Group Inc. raised its holdings in shares of Vermilion Energy by 8,245.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 4,700 shares during the period. Finally, Citigroup Inc. acquired a new position in shares of Vermilion Energy during the fourth quarter valued at about $61,000. Institutional investors and hedge funds own 25.59% of the company’s stock.

Shares of Vermilion Energy stock opened at $21.75 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.62. Vermilion Energy has a twelve month low of $5.51 and a twelve month high of $25.41. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 4.78 and a beta of 2.46. The company’s fifty day moving average is $21.09 and its 200 day moving average is $17.88.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last issued its quarterly earnings data on Wednesday, May 11th. The oil and gas company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.49. Vermilion Energy had a net margin of 37.30% and a return on equity of 27.58%. The company had revenue of $639.62 million for the quarter. As a group, equities analysts anticipate that Vermilion Energy will post 5.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a $0.0464 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.19 annualized dividend and a yield of 0.85%. Vermilion Energy’s payout ratio is 4.20%.

Vermilion Energy Company Profile (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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