Vermilion Energy Inc. (NYSE:VET) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Vermilion Energy Inc. (NYSE:VET) received a consensus recommendation of "Hold" from seven brokerages, with one sell rating, four hold ratings, and two buy ratings.
• The company reported a loss of ($0.20) EPS for its last quarterly earnings, missing analyst expectations, and had revenue significantly below estimates at $392.33 million.
• Vermilion Energy recently declared a quarterly dividend of $0.13, yielding 6.9%, with a payout ratio of -43.68% as of the last reported period.

Shares of Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET have been given an average rating of "Hold" by the seven brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company.

A number of equities research analysts have commented on VET shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Vermilion Energy in a report on Friday. Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. TD Securities reaffirmed a "buy" rating on shares of Vermilion Energy in a research note on Tuesday, September 30th. Desjardins cut shares of Vermilion Energy from a "moderate buy" rating to a "hold" rating in a research note on Thursday, October 16th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Vermilion Energy in a research note on Thursday, October 9th.

Vermilion Energy Stock Performance

VET opened at $7.57 on Friday. The stock has a market cap of $1.16 billion, a P/E ratio of -8.70 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.94 and a quick ratio of 1.84. The stock's 50 day simple moving average is $7.68 and its 200 day simple moving average is $7.34. Vermilion Energy has a 1-year low of $5.14 and a 1-year high of $10.85.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last issued its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The business had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. As a group, equities analysts anticipate that Vermilion Energy will post 0.22 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 29th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, September 29th. Vermilion Energy's payout ratio is currently -43.68%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VET. Mackenzie Financial Corp lifted its position in Vermilion Energy by 317.5% during the second quarter. Mackenzie Financial Corp now owns 1,974,742 shares of the oil and gas company's stock valued at $14,423,000 after buying an additional 1,501,741 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Vermilion Energy by 764.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 699,900 shares of the oil and gas company's stock valued at $5,667,000 after acquiring an additional 618,900 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Vermilion Energy during the 1st quarter valued at $4,396,000. Goldman Sachs Group Inc. lifted its holdings in shares of Vermilion Energy by 51.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,630,488 shares of the oil and gas company's stock valued at $13,207,000 after acquiring an additional 553,281 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Vermilion Energy by 77.1% during the second quarter. Bank of America Corp DE now owns 1,245,537 shares of the oil and gas company's stock worth $9,068,000 after purchasing an additional 542,352 shares in the last quarter. 31.91% of the stock is owned by institutional investors and hedge funds.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.

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