Vermilion Energy (NYSE:VET) Downgraded by StockNews.com

Posted by Defense World Staff on Apr 11th, 2023

StockNews.com lowered shares of Vermilion Energy (NYSE:VET – Get Rating) (TSE:VET) from a buy rating to a hold rating in a research note released on Monday morning.

Other equities research analysts have also recently issued reports about the stock. TD Securities cut shares of Vermilion Energy from a buy rating to a hold rating in a research report on Wednesday, March 29th. BMO Capital Markets decreased their price target on Vermilion Energy from C$32.00 to C$25.00 in a research note on Monday, January 9th. CIBC dropped their price objective on Vermilion Energy from C$36.00 to C$26.00 in a research note on Tuesday, January 17th. National Bank Financial dropped their price objective on shares of Vermilion Energy from C$50.00 to C$29.00 in a report on Wednesday, January 11th. Finally, Desjardins reduced their target price on shares of Vermilion Energy from C$38.00 to C$35.00 in a report on Monday, January 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $32.44.

Vermilion Energy Stock Down 0.2 %

Shares of NYSE VET opened at $13.14 on Monday. The stock has a market cap of $2.13 billion, a PE ratio of 2.18 and a beta of 2.21. The company has a current ratio of 0.80, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33. Vermilion Energy has a 12-month low of $11.93 and a 12-month high of $30.17. The company has a 50-day moving average of $13.52 and a 200 day moving average of $17.18.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a dividend of $0.073 per share. The ex-dividend date is Thursday, March 30th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.06. This represents a $0.29 annualized dividend and a dividend yield of 2.22%. Vermilion Energy’s dividend payout ratio (DPR) is currently 4.82%.

Institutional Trading of Vermilion Energy

Several hedge funds and other institutional investors have recently made changes to their positions in VET. Covestor Ltd acquired a new position in shares of Vermilion Energy during the 1st quarter worth $25,000. Optiver Holding B.V. boosted its holdings in Vermilion Energy by 68.7% during the third quarter. Optiver Holding B.V. now owns 1,243 shares of the oil and gas company’s stock worth $27,000 after buying an additional 506 shares in the last quarter. Pacifica Partners Inc. grew its position in Vermilion Energy by 59.2% during the third quarter. Pacifica Partners Inc. now owns 1,433 shares of the oil and gas company’s stock worth $35,000 after buying an additional 533 shares during the period. Money Concepts Capital Corp purchased a new position in Vermilion Energy in the fourth quarter valued at about $40,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Vermilion Energy by 8,245.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 4,700 shares during the period. Hedge funds and other institutional investors own 27.94% of the company’s stock.

About Vermilion Energy

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Vermilion Energy, Inc engages in the acquisition, exploration, development, and production of oil and natural gas. It operates through the following geographical segments: Canada, United States of America, France, Netherlands, Germany, Ireland, Australia, and Corporate. The company was founded by Lorenzo Donadeo and Claudio A.

Analyst Recommendations for Vermilion Energy (NYSE:VET)

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