Vermilion Energy (NYSE:VET) Shares Gap Up - What's Next?

Key Points

• Vermilion Energy shares opened higher, rising from a previous close of $12.46 to $12.90 before trading at approximately $12.84.
• Analyst sentiment remains mixed but leans neutral: the stock has an average “Hold” rating and a consensus price target of $15.00, with two Buy, five Hold and one Sell rating.
• The company exceeded quarterly expectations, reporting $0.62 in EPS versus a $0.05 estimate and $390.53 million in revenue. Vermilion also declared a quarterly dividend of $0.135, equivalent to a 4.2% annualized yield.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET's share price gapped up before the market opened on Monday . The stock had previously closed at $12.46, but opened at $12.90. Vermilion Energy shares last traded at $12.8350, with a volume of 217,682 shares.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Zacks Research upgraded shares of Vermilion Energy from a "strong sell" rating to a "hold" rating in a research note on Monday, June 8th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Vermilion Energy in a research report on Tuesday, May 19th. 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 note on Friday, July 31st. Finally, Desjardins raised shares of Vermilion Energy to a "hold" rating in a report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of "Hold" and an average target price of $15.00.

Vermilion Energy Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 1.00. The stock's 50 day moving average is $10.67 and its two-hundred day moving average is $11.50. The stock has a market capitalization of $1.95 billion, a PE ratio of -6.04 and a beta of 0.30.

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

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Vermilion Energy's dividend payout ratio (DPR) is -18.01%.

Hedge Funds Weigh In On Vermilion Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Vermilion Energy by 251.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,397 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 1,714 shares during the period. Tower Research Capital LLC TRC increased 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 worth $47,000 after acquiring an additional 4,136 shares during the last quarter. State of Wyoming increased its position in shares of Vermilion Energy by 24.3% during the 4th quarter. State of Wyoming now owns 8,929 shares of the oil and gas company's stock worth $74,000 after purchasing an additional 1,747 shares during the last quarter. LPL Financial LLC purchased a new stake in Vermilion Energy in the 4th quarter valued at about $92,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in Vermilion Energy by 12.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 11,846 shares of the oil and gas company's stock valued at $99,000 after buying an additional 1,289 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company's stock.

About Vermilion Energy

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).

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