Brokerages Set Vermilion Energy Inc. (NYSE:VET) Price Target at $15.00

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.00.

Several equities analysts have recently commented on VET shares. Royal Bank Of Canada increased their price objective on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vermilion Energy in a research report on Wednesday, January 21st. Wall Street Zen lowered Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Finally, ATB Cormark Capital Markets upgraded Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th.

Hedge Funds Weigh In On Vermilion Energy

Several institutional investors and hedge funds have recently bought and sold shares of VET. UBS Group AG grew its position in Vermilion Energy by 118.2% during the 4th quarter. UBS Group AG now owns 5,592,890 shares of the oil and gas company’s stock worth $46,645,000 after acquiring an additional 3,029,328 shares during the last quarter. Mackenzie Financial Corp grew its position in Vermilion Energy by 130.2% during the 4th quarter. Mackenzie Financial Corp now owns 3,174,261 shares of the oil and gas company’s stock worth $26,483,000 after acquiring an additional 1,795,636 shares during the last quarter. Ameriprise Financial Inc. grew its position in Vermilion Energy by 22.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,512,118 shares of the oil and gas company’s stock worth $58,745,000 after acquiring an additional 1,388,489 shares during the last quarter. LM Asset Management Inc. grew its position in Vermilion Energy by 28.2% during the 4th quarter. LM Asset Management Inc. now owns 3,772,600 shares of the oil and gas company’s stock worth $31,434,000 after acquiring an additional 830,600 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Vermilion Energy by 19.5% during the 3rd quarter. American Century Companies Inc. now owns 3,863,101 shares of the oil and gas company’s stock worth $30,173,000 after acquiring an additional 631,655 shares during the last quarter. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Price Performance

Shares of Vermilion Energy stock opened at $11.68 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.78 billion, a PE ratio of -3.81 and a beta of 0.42. The business’s 50-day moving average price is $11.97 and its 200-day moving average price is $9.73. Vermilion Energy has a 12 month low of $5.89 and a 12 month high of $14.82.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, March 4th. The oil and gas company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.30 by $0.33. The firm had revenue of $334.64 million for the quarter, compared to analyst estimates of $384.74 million. Vermilion Energy had a positive return on equity of 3.80% and a negative net margin of 34.30%. Sell-side analysts forecast that Vermilion Energy will post 0.54 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, March 13th. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.13. Vermilion Energy’s dividend payout ratio is -13.07%.

Vermilion Energy Company Profile

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).