Vermilion Energy Inc (VET) Receives Average Rating of “Hold” from Analysts

Vermilion Energy Inc (NYSE:VET) (TSE:VET) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $40.50.

Several equities analysts recently issued reports on VET shares. TheStreet raised Vermilion Energy from a “d+” rating to a “c” rating in a research note on Friday, March 22nd. Zacks Investment Research lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Saturday, March 23rd. Raymond James reissued a “buy” rating on shares of Vermilion Energy in a research note on Thursday, February 28th. BMO Capital Markets reissued a “hold” rating on shares of Vermilion Energy in a research note on Thursday, February 28th. Finally, Royal Bank of Canada reissued an “average” rating and set a $40.00 target price on shares of Vermilion Energy in a research note on Tuesday, January 8th.

A number of hedge funds have recently bought and sold shares of VET. Raymond James & Associates increased its holdings in shares of Vermilion Energy by 0.8% in the 4th quarter. Raymond James & Associates now owns 257,553 shares of the oil and gas company’s stock valued at $5,428,000 after acquiring an additional 1,944 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vermilion Energy by 236.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,678 shares of the oil and gas company’s stock valued at $6,116,000 after acquiring an additional 130,560 shares during the last quarter. Exane Asset Management increased its holdings in shares of Vermilion Energy by 17.8% in the 3rd quarter. Exane Asset Management now owns 29,650 shares of the oil and gas company’s stock valued at $977,000 after acquiring an additional 4,482 shares during the last quarter. LGT Capital Partners LTD. increased its holdings in shares of Vermilion Energy by 28.4% in the 4th quarter. LGT Capital Partners LTD. now owns 173,110 shares of the oil and gas company’s stock valued at $3,646,000 after acquiring an additional 38,340 shares during the last quarter. Finally, Intact Investment Management Inc. increased its holdings in shares of Vermilion Energy by 70.1% in the 4th quarter. Intact Investment Management Inc. now owns 618,900 shares of the oil and gas company’s stock valued at $17,738,000 after acquiring an additional 255,000 shares during the last quarter. 51.66% of the stock is currently owned by institutional investors.

NYSE:VET traded up $0.13 during trading hours on Tuesday, hitting $26.45. The company had a trading volume of 140,294 shares, compared to its average volume of 387,650. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.68. The stock has a market cap of $4.03 billion, a P/E ratio of 34.35, a PEG ratio of 0.97 and a beta of 1.04. Vermilion Energy has a 1 year low of $19.43 and a 1 year high of $37.89.

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.1727 dividend. The ex-dividend date is Monday, April 29th. This represents a $2.07 dividend on an annualized basis and a yield of 7.83%. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. Vermilion Energy’s dividend payout ratio (DPR) is currently 271.43%.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Analyst Recommendations for Vermilion Energy (NYSE:VET)

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