Vermilion Energy Inc. (NYSE:VET) Stock Has Consensus Target Price of $15.00 According to Brokerages

Key Points

• Analysts hold a mixed-to-neutral view: Nine brokerages give Vermilion Energy an average “Hold” rating, with six holds, two buys and one sell. The consensus 12-month price target is $15.00, above the reported $11.87 share price.
• Quarterly results exceeded expectations: Vermilion reported earnings of $0.62 per share versus the $0.05 consensus estimate, while revenue reached $390.53 million compared with expectations of $330.39 million.
• The company offers a 4.6% dividend yield, based on a quarterly dividend of C$0.14, while institutional investors own approximately 31.91% of the stock.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET has earned an average recommendation of "Hold" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.00.

Several research firms have recently commented on VET. Desjardins upgraded shares of Vermilion Energy to a "hold" rating in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Weiss Ratings lowered shares of Vermilion Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Vermilion Energy in a research note on Friday. Finally, TD Securities restated a "buy" rating on shares of Vermilion Energy in a report on Friday, July 31st.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at $11.87 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of -5.62 and a beta of 0.58. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. Vermilion Energy has a 12 month low of $7.10 and a 12 month high of $14.82. The stock's fifty day moving average price is $12.13 and its 200-day moving average price is $11.73.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $330.39 million.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were given a C$0.14 dividend. This represents a $0.54 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 15th. Vermilion Energy's payout ratio is presently -18.48%.

Institutional Investors Weigh In On Vermilion Energy

A number of hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new position in Vermilion Energy in the second quarter valued at about $1,100,000. Engineers Gate Manager LP lifted its position 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 buying an additional 117,219 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at about $2,300,000. Man Group plc bought a new stake in shares of Vermilion Energy in the 2nd quarter valued at about $8,039,000. Finally, First Trust Advisors LP grew its position in shares of Vermilion Energy by 36.6% in the 1st quarter. First Trust Advisors LP now owns 947,444 shares of the oil and gas company's stock worth $13,056,000 after buying an additional 253,681 shares during the last quarter. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

About Vermilion Energy

Vermilion Energy Inc is an international oil and natural gas exploration and production company headquartered in Calgary, Alberta. The company explores for, develops and produces crude oil, condensate, natural gas liquids and natural gas, with a portfolio focused on assets in North America and Europe.

Vermilion's North American operations include oil and natural gas properties in Canada and the United States. In Europe, the company has historically maintained production and development interests in countries including France, the Netherlands, Germany and Croatia.

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