Vermilion Energy (VET) Given “Buy” Rating at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Vermilion Energy (NYSE:VET) (TSE:VET) in a research report sent to investors on Tuesday morning.

A number of other brokerages have also issued reports on VET. Credit Suisse Group upgraded Vermilion Energy from a neutral rating to an outperform rating in a report on Wednesday, July 11th. TheStreet upgraded Vermilion Energy from a d+ rating to a c- rating in a report on Thursday, July 12th. Zacks Investment Research lowered Vermilion Energy from a strong-buy rating to a hold rating in a report on Sunday, July 15th. Raymond James reiterated a buy rating on shares of Vermilion Energy in a report on Sunday, October 7th. Finally, ValuEngine upgraded Vermilion Energy from a sell rating to a hold rating in a report on Wednesday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Vermilion Energy presently has a consensus rating of Buy and an average target price of $37.50.

VET opened at $26.33 on Tuesday. The company has a market cap of $4.14 billion, a PE ratio of 51.63 and a beta of 0.60. Vermilion Energy has a one year low of $25.83 and a one year high of $40.59. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.73.



Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings results on Monday, July 30th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $305.73 million during the quarter, compared to analyst estimates of $273.05 million. Vermilion Energy had a positive return on equity of 7.53% and a negative net margin of 2.63%. As a group, equities research analysts predict that Vermilion Energy will post 0.3 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a $0.176 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $2.11 dividend on an annualized basis and a dividend yield of 8.02%. Vermilion Energy’s payout ratio is 415.69%.

Several hedge funds and other institutional investors have recently made changes to their positions in VET. Taylor Frigon Capital Management LLC lifted its holdings in Vermilion Energy by 6.3% during the third quarter. Taylor Frigon Capital Management LLC now owns 30,541 shares of the oil and gas company’s stock worth $1,006,000 after buying an additional 1,797 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Vermilion Energy by 34.7% during the second quarter. BNP Paribas Arbitrage SA now owns 7,858 shares of the oil and gas company’s stock worth $283,000 after buying an additional 2,023 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Vermilion Energy by 81.5% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,346 shares of the oil and gas company’s stock worth $193,000 after buying an additional 2,400 shares during the period. First Republic Investment Management Inc. lifted its holdings in Vermilion Energy by 7.6% during the second quarter. First Republic Investment Management Inc. now owns 45,075 shares of the oil and gas company’s stock worth $1,625,000 after buying an additional 3,192 shares during the period. Finally, NN Investment Partners Holdings N.V. lifted its holdings in Vermilion Energy by 8.3% during the third quarter. NN Investment Partners Holdings N.V. now owns 52,036 shares of the oil and gas company’s stock worth $1,714,000 after buying an additional 3,997 shares during the period. Hedge funds and other institutional investors own 53.09% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces crude petroleum and natural gas. As of December 31, 2017, it owned 74% interest in 330,900 net acres of developed land and 87% interest in 376,400 net acres of undeveloped land, as well as 375 net producing natural gas wells and 475 net producing oil wells in Canada; and 96% interest in 208,900 net acres of developed land and 99% interest in 379,800 net acres of undeveloped land in the Aquitaine and Paris Basins, as well as 332 net producing oil wells and 3 net producing gas wells in France.

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Analyst Recommendations for Vermilion Energy (NYSE:VET)

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