Vermilion Energy Inc (NYSE:VET) Sees Significant Growth in Short Interest

Vermilion Energy Inc (NYSE:VET) (TSE:VET) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 16,420,000 shares, a growth of 5.9% from the October 31st total of 15,510,000 shares. Currently, 10.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 15.6 days.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. acquired a new position in Vermilion Energy in the 2nd quarter worth $27,000. Barclays PLC boosted its stake in Vermilion Energy by 65.7% in the 3rd quarter. Barclays PLC now owns 4,165 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 1,651 shares during the period. Cardinal Capital Management Inc. acquired a new position in Vermilion Energy in the 3rd quarter worth $76,000. Sage Capital Advisors llc acquired a new position in Vermilion Energy in the 3rd quarter worth $196,000. Finally, Advisor Group Inc. boosted its stake in Vermilion Energy by 86.0% in the 2nd quarter. Advisor Group Inc. now owns 9,489 shares of the oil and gas company’s stock worth $206,000 after purchasing an additional 4,387 shares during the period. 34.52% of the stock is owned by hedge funds and other institutional investors.

Shares of VET stock opened at $14.42 on Friday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 18.73 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 0.88 and a debt-to-equity ratio of 0.81. Vermilion Energy has a 12-month low of $13.01 and a 12-month high of $27.48. The firm has a fifty day moving average of $14.89 and a 200-day moving average of $17.70.

The business also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 27th will be paid a $0.175 dividend. The ex-dividend date is Tuesday, November 26th. This is a positive change from Vermilion Energy’s previous monthly dividend of $0.17. This represents a $2.10 dividend on an annualized basis and a yield of 14.56%. Vermilion Energy’s dividend payout ratio is presently 272.73%.

Several equities analysts have recently issued reports on VET shares. ValuEngine lowered shares of Vermilion Energy from a “hold” rating to a “sell” rating in a report on Friday, November 1st. BMO Capital Markets set a $30.00 price target on shares of Vermilion Energy and gave the company a “hold” rating in a report on Monday, September 30th. Wood & Company reissued a “hold” rating and issued a $20.00 price target on shares of Vermilion Energy in a report on Friday, November 1st. Raymond James set a $21.00 price target on shares of Vermilion Energy and gave the company a “buy” rating in a report on Saturday, November 2nd. Finally, CIBC set a $25.00 price target on shares of Vermilion Energy and gave the company a “buy” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.75.

About Vermilion Energy

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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