Vermilion Energy (NYSE:VET) Shares Up 5.3% - Still a Buy?

Key Points

• Vermilion Energy shares rose 5.3% to about $14.17, although trading volume was 91% below the average session level.
• Analyst sentiment remains mixed, with two Buy ratings, six Holds and one Sell; the consensus rating is Hold with an average price target of $15.00.
• The company reported quarterly earnings of $0.62 per share, far above the $0.05 estimate, while revenue also exceeded expectations. Vermilion declared a C$0.14 quarterly dividend, representing an annualized yield of roughly 3.8%.

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET's share price rose 5.3% on Friday. The company traded as high as $14.04 and last traded at $14.1690. 160,726 shares were traded during trading, a decline of 91% from the average session volume of 1,761,221 shares. The stock had previously closed at $13.45.

Analyst Upgrades and Downgrades

Several research firms have commented on VET. TD Securities reissued a "buy" rating on shares of Vermilion Energy in a research report on Friday, July 31st. Weiss Ratings cut Vermilion Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Vermilion Energy in a research report on Friday, October 9th. Wall Street Zen upgraded Vermilion Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 1st. Finally, Scotiabank reiterated a "sector perform" rating on shares of Vermilion Energy in a research note on Monday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.00.

Vermilion Energy Stock Up 6.2%

The firm has a market capitalization of $2.17 billion, a PE ratio of -6.76 and a beta of 0.58. The firm's 50 day moving average price is $12.45 and its two-hundred day moving average price is $11.69. 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 - Get Free Report) TSE: VET last released its quarterly earnings results on Wednesday, July 29th. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.57. The business had revenue of $390.53 million during the quarter, compared to analyst estimates of $330.39 million. Vermilion Energy had a negative net margin of 22.48% and a positive return on equity of 5.26%.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a C$0.14 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.54 annualized dividend and a dividend yield of 3.8%. Vermilion Energy's payout ratio is -18.48%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canoe Financial LP acquired a new stake in Vermilion Energy during the 3rd quarter valued at approximately $15,517,000. Drum Hill Capital LLC raised its position in shares of Vermilion Energy by 0.7% in the 3rd quarter. Drum Hill Capital LLC now owns 372,122 shares of the oil and gas company's stock valued at $4,238,000 after purchasing an additional 2,587 shares in the last quarter. Gold Investment Management Ltd. raised its position in shares of Vermilion Energy by 1,493.3% in the 3rd quarter. Gold Investment Management Ltd. now owns 4,780 shares of the oil and gas company's stock valued at $54,000 after purchasing an additional 4,480 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of Vermilion Energy by 212.3% during the 2nd 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. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Vermilion Energy by 127.7% during 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. Hedge funds and other institutional investors own 31.91% of the company's stock.

Vermilion Energy Company Profile

Vermilion Energy Inc is a Canadian-based international oil and natural gas producer headquartered in Calgary, Alberta. Founded in 1994, the company explores for, develops, and produces crude oil, condensate, natural gas liquids, and natural gas.

Vermilion operates a geographically diversified portfolio of assets in North America and Europe, with activities in Canada, the United States, France, the Netherlands, Germany, and Croatia. Its production includes conventional and unconventional oil and gas, with operations focused on developing reserves and supplying energy to regional and international markets.

The company's shares trade on the Toronto Stock Exchange and the New York Stock Exchange under the symbol VET.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.