Vermilion Energy Inc (NYSE:VET) (TSE:VET) has been given an average recommendation of “Hold” by the eleven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $35.33.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 19th. Royal Bank of Canada cut shares of Vermilion Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $40.00 to $33.00 in a research report on Thursday, July 18th. Finally, Credit Suisse Group initiated coverage on shares of Vermilion Energy in a report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price objective on the stock.
Several large investors have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Vermilion Energy by 3.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 759,058 shares of the oil and gas company’s stock worth $16,526,000 after purchasing an additional 23,819 shares during the period. Atria Investments LLC acquired a new stake in Vermilion Energy during the 2nd quarter worth approximately $2,659,000. Prudential PLC acquired a new stake in Vermilion Energy during the 2nd quarter worth approximately $3,330,000. Amundi Pioneer Asset Management Inc. boosted its stake in Vermilion Energy by 7.1% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 52,559 shares of the oil and gas company’s stock valued at $1,142,000 after purchasing an additional 3,484 shares during the period. Finally, Lincluden Management Ltd. boosted its stake in Vermilion Energy by 4.8% in the 2nd quarter. Lincluden Management Ltd. now owns 24,158 shares of the oil and gas company’s stock valued at $525,000 after purchasing an additional 1,110 shares during the period. Institutional investors own 45.65% of the company’s stock.
Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Monday, July 29th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.27). Vermilion Energy had a net margin of 18.66% and a return on equity of 11.59%. The business had revenue of $320.01 million during the quarter, compared to analyst estimates of $323.16 million. On average, analysts forecast that Vermilion Energy will post 0.41 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.174 per share. The ex-dividend date is Thursday, August 29th. This is an increase from Vermilion Energy’s previous monthly dividend of $0.17. This represents a $2.09 annualized dividend and a yield of 13.05%. Vermilion Energy’s dividend payout ratio (DPR) is 271.43%.
Vermilion Energy Company Profile
Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.
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