Vermilion Energy (NYSE:VET) Trading Down 5.2% – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares traded down 5.2% during mid-day trading on Wednesday . The stock traded as low as $12.87 and last traded at $12.7620. Approximately 261,230 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,816,156 shares. The stock had previously closed at $13.46.

Analysts Set New Price Targets

VET has been the subject of several recent analyst reports. Weiss Ratings upgraded Vermilion Energy from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 20th. TD Securities reiterated a “buy” rating on shares of Vermilion Energy in a research report on Friday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. Zacks Research raised Vermilion Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, June 8th. Finally, Desjardins raised shares of Vermilion Energy to a “hold” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Vermilion Energy Trading Down 4.6%

The business’s 50 day simple moving average is $11.60 and its two-hundred day simple moving average is $11.73. The stock has a market cap of $1.96 billion, a P/E ratio of -6.10 and a beta of 0.33. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.63.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.57. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%. The company had revenue of $390.53 million during the quarter, compared to the consensus estimate of $330.39 million.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.135 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.54 dividend on an annualized basis and a yield of 4.2%. Vermilion Energy’s payout ratio is currently -18.48%.

Hedge Funds Weigh In On Vermilion Energy

Several large investors have recently bought and sold shares of the company. Engineers Gate Manager LP boosted its stake in shares of Vermilion Energy by 212.3% during the second quarter. Engineers Gate Manager LP now owns 172,429 shares of the oil and gas company’s stock valued at $1,615,000 after purchasing an additional 117,219 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Vermilion Energy by 127.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 107,717 shares of the oil and gas company’s stock valued at $1,009,000 after buying an additional 60,415 shares during the last quarter. Aegis Financial Corp boosted its position in Vermilion Energy by 27.3% during the 2nd quarter. Aegis Financial Corp now owns 3,260,428 shares of the oil and gas company’s stock worth $30,499,000 after buying an additional 700,000 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Vermilion Energy during the 2nd quarter worth approximately $2,116,000. Finally, Bank of America Corp DE acquired a new stake in Vermilion Energy during the 2nd quarter worth approximately $8,129,000. 31.91% of the stock is currently owned by institutional investors.

Vermilion Energy Company Profile

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company focuses on acquiring, exploring, developing and producing crude oil, natural gas, condensate and natural gas liquids, with an emphasis on operating assets in stable jurisdictions and generating production from conventional and resource plays.

Vermilion’s operations have included properties in Canada and the United States, as well as European and other international markets such as France, the Netherlands, Germany, Croatia and Ireland.