Vermilion Energy (NYSE:VET) Shares Gap Down – Should You Sell?

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) gapped down prior to trading on Tuesday . The stock had previously closed at $12.30, but opened at $11.86. Vermilion Energy shares last traded at $12.08, with a volume of 156,117 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Vermilion Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. TD Securities reaffirmed a “hold” rating on shares of Vermilion Energy in a research note on Thursday, March 5th. Zacks Research lowered shares of Vermilion Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 27th. Finally, Scotiabank reissued a “sector perform” rating on shares of Vermilion Energy in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $15.00.

Vermilion Energy Stock Performance

The stock has a market capitalization of $1.83 billion, a P/E ratio of -3.13 and a beta of 0.36. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.63. The company’s fifty day simple moving average is $12.78 and its two-hundred day simple moving average is $10.53.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.89). The company had revenue of $369.04 million during the quarter, compared to the consensus estimate of $368.66 million. Vermilion Energy had a negative net margin of 43.49% and a negative return on equity of 2.40%. As a group, equities analysts forecast that Vermilion Energy Inc. will post 0.54 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, June 15th. Vermilion Energy’s dividend payout ratio is presently -10.47%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Aegis Financial Corp grew its position in shares of Vermilion Energy by 67.2% during the 3rd quarter. Aegis Financial Corp now owns 870,492 shares of the oil and gas company’s stock worth $6,801,000 after purchasing an additional 350,000 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Vermilion Energy by 192.4% during the 3rd quarter. Quantbot Technologies LP now owns 156,621 shares of the oil and gas company’s stock worth $1,225,000 after purchasing an additional 103,049 shares in the last quarter. UBS Group AG grew its position in shares of 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 purchasing an additional 3,029,328 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Vermilion Energy during the 4th quarter worth approximately $2,656,000. Finally, Arbiter Partners Capital Management LLC acquired a new position in shares of Vermilion Energy during the 3rd quarter worth approximately $1,957,000. 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).