Vermilion Energy (NYSE:VET) Shares Gap Down – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares gapped down before the market opened on Wednesday . The stock had previously closed at $13.63, but opened at $12.50. Vermilion Energy shares last traded at $12.0860, with a volume of 584,142 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VET. Zacks Research lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. ATB Cormark Capital Markets raised Vermilion Energy from a “hold” rating to a “buy” rating in a research note on Friday, March 27th. TD Securities reiterated a “hold” rating on shares of Vermilion Energy in a research report on Thursday, March 5th. Weiss Ratings raised Vermilion Energy from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada raised their price target on Vermilion Energy from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Vermilion Energy Trading Down 13.1%

The business’s 50 day moving average price is $12.43 and its two-hundred day moving average price is $10.03. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.76 and a current ratio of 0.84.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $998.78. Vermilion Energy had a negative net margin of 34.30% and a positive return on equity of 3.80%. Equities analysts forecast that Vermilion Energy Inc. will post 0.54 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

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

Institutional Trading of Vermilion Energy

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in Vermilion Energy by 178.7% during the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 4,136 shares in the last quarter. State of Wyoming acquired a new position in Vermilion Energy during the third quarter worth about $56,000. LPL Financial LLC bought a new stake in Vermilion Energy in the fourth quarter worth about $92,000. Mercer Global Advisors Inc. ADV lifted its holdings in Vermilion Energy by 12.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in Vermilion Energy by 14.8% in the 3rd quarter. Savant Capital LLC now owns 12,989 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 1,671 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

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).