Vermilion Energy Inc. (NYSE:VET – Get Rating) (TSE:VET) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.17.
Several research firms have commented on VET. StockNews.com raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. CIBC upped their price target on Vermilion Energy from C$32.00 to C$34.00 in a report on Wednesday, June 15th. Desjardins upped their price target on Vermilion Energy from C$32.50 to C$40.00 in a report on Thursday, June 2nd. Stifel Nicolaus reduced their price objective on Vermilion Energy from C$34.00 to C$33.50 in a research report on Tuesday, March 29th. Finally, Scotiabank upped their price target on Vermilion Energy from C$30.00 to C$36.00 in a research report on Wednesday, June 8th.
Several large investors have recently made changes to their positions in the company. Covestor Ltd acquired a new stake in Vermilion Energy during the 1st quarter worth about $25,000. CWM LLC purchased a new stake in Vermilion Energy during the 1st quarter worth approximately $37,000. Maverick Capital Ltd. acquired a new position in shares of Vermilion Energy during the 4th quarter worth approximately $44,000. PNC Financial Services Group Inc. lifted its holdings in Vermilion Energy by 8,245.6% in 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 acquiring an additional 4,700 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC acquired a new position in Vermilion Energy during the first quarter worth $212,000. Institutional investors and hedge funds own 25.59% of the company’s stock.
VET opened at $17.86 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.50 and a current ratio of 0.52. Vermilion Energy has a 52-week low of $5.51 and a 52-week high of $25.41. The stock has a market capitalization of $2.95 billion, a PE ratio of 3.95 and a beta of 2.46. The stock’s 50 day moving average price is $20.78 and its 200-day moving average price is $18.43.
Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) last released its quarterly earnings results on Wednesday, May 11th. The oil and gas company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.49. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. The company had revenue of $639.62 million for the quarter. Research analysts forecast that Vermilion Energy will post 5.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a $0.0464 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.19 annualized dividend and a dividend yield of 1.04%. Vermilion Energy’s payout ratio is 4.20%.
About Vermilion Energy (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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