Vermilion Energy (NYSE:VET) Shares Gap Up to $19.42

Vermilion Energy Inc. (NYSE:VETGet Rating) (TSE:VET)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $19.42, but opened at $20.12. Vermilion Energy shares last traded at $19.73, with a volume of 49,506 shares traded.

A number of research firms have recently commented on VET. Stifel Firstegy raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Thursday, June 30th. StockNews.com raised Vermilion Energy from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. Royal Bank of Canada raised their price target on Vermilion Energy from C$26.00 to C$28.00 in a report on Friday, April 29th. CIBC raised their price target on Vermilion Energy from C$32.00 to C$34.00 in a report on Wednesday, June 15th. Finally, National Bank Financial cut their price target on Vermilion Energy from C$53.00 to C$52.00 in a report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.89.

The company has a market cap of $3.05 billion, a P/E ratio of 4.30 and a beta of 2.40. The company has a 50 day moving average of $20.58 and a 200-day moving average of $18.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.52 and a quick ratio of 0.50.

Vermilion Energy (NYSE:VETGet Rating) (TSE:VET) last posted its quarterly earnings data on Wednesday, May 11th. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.49. Vermilion Energy had a return on equity of 27.58% and a net margin of 37.30%. The company had revenue of $639.62 million during the quarter. Research analysts anticipate that Vermilion Energy Inc. will post 5.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.0464 per share. This represents a $0.19 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, June 29th. Vermilion Energy’s dividend payout ratio (DPR) is currently 4.20%.

A number of hedge funds have recently modified their holdings of VET. Hillsdale Investment Management Inc. bought a new stake in Vermilion Energy during the fourth quarter worth about $25,906,000. Acadian Asset Management LLC lifted its stake in Vermilion Energy by 480.3% during the fourth quarter. Acadian Asset Management LLC now owns 2,270,235 shares of the oil and gas company’s stock worth $28,558,000 after purchasing an additional 1,879,004 shares during the last quarter. American Century Companies Inc. lifted its stake in Vermilion Energy by 312.1% during the first quarter. American Century Companies Inc. now owns 1,235,418 shares of the oil and gas company’s stock worth $25,941,000 after purchasing an additional 935,659 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in Vermilion Energy by 715.4% during the first quarter. Jupiter Asset Management Ltd. now owns 1,012,068 shares of the oil and gas company’s stock worth $21,229,000 after purchasing an additional 887,943 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Vermilion Energy by 81.3% during the third quarter. Morgan Stanley now owns 1,527,703 shares of the oil and gas company’s stock worth $15,125,000 after purchasing an additional 685,164 shares during the last quarter. 25.59% of the stock is owned by hedge funds and other institutional investors.

Vermilion Energy Company Profile (NYSE:VET)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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