Vermilion Energy (NYSE:VET) Shares Up 4.8% - What's Next?

Key Points

• Vermilion Energy shares rose by 4.8% to $7.91, despite trading volume dropping significantly by 82% compared to the average session.
• The company announced a quarterly dividend of $0.13 per share, yielding 6.7%, which will be paid on October 15th.
• Analysts have mixed opinions on the stock, with two firms upgrading it to a "buy" rating while others have lowered ratings, resulting in a consensus of "Moderate Buy."

Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET shares shot up 4.8% during trading on Tuesday . The stock traded as high as $7.89 and last traded at $7.91. 214,339 shares were traded during trading, a decline of 82% from the average session volume of 1,217,317 shares. The stock had previously closed at $7.54.

Analyst Upgrades and Downgrades

Several research firms have commented on VET. BMO Capital Markets reaffirmed a "market perform" rating on shares of Vermilion Energy in a research report on Friday, August 8th. Wall Street Zen lowered Vermilion Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Desjardins raised Vermilion Energy from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Vermilion Energy Stock Performance

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -8.94 and a beta of 1.27. The company has a quick ratio of 1.84, a current ratio of 1.94 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $7.69 and a 200-day moving average price of $7.31.

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

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 29th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Monday, September 29th. Vermilion Energy's dividend payout ratio is currently -43.68%.

Institutional Trading of Vermilion Energy

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in shares of Vermilion Energy by 178.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,450 shares of the oil and gas company's stock valued at $47,000 after buying an additional 4,136 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Vermilion Energy by 24.0% during the 2nd quarter. Blue Trust Inc. now owns 7,778 shares of the oil and gas company's stock worth $57,000 after buying an additional 1,504 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Vermilion Energy during the 2nd quarter worth $82,000. Northern Trust Corp acquired a new position in shares of Vermilion Energy during the 4th quarter worth $94,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Vermilion Energy during the 2nd quarter worth $105,000. 31.91% of the stock is currently owned by hedge funds and other institutional investors.

About Vermilion Energy

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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