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

Vermilion Energy Inc (NYSE:VET) (TSE:VET) has been given an average recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $52.25.

A number of equities research analysts have recently commented on the company. Zacks Investment Research lowered Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price target on shares of Vermilion Energy in a research report on Monday, October 30th. Finally, ValuEngine lowered Vermilion Energy from a “hold” rating to a “sell” rating in a research report on Thursday.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VET. The Manufacturers Life Insurance Company raised its position in shares of Vermilion Energy by 341.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,609,594 shares of the oil and gas company’s stock worth $58,460,000 after purchasing an additional 1,244,614 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in Vermilion Energy by 9.5% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,550,100 shares of the oil and gas company’s stock valued at $233,052,000 after buying an additional 569,180 shares during the last quarter. AGF Investments Inc. raised its position in Vermilion Energy by 199.6% in the 3rd quarter. AGF Investments Inc. now owns 800,596 shares of the oil and gas company’s stock valued at $28,456,000 after buying an additional 533,403 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Vermilion Energy in the 4th quarter valued at approximately $16,481,000. Finally, Highstreet Asset Management Inc. acquired a new stake in Vermilion Energy in the 3rd quarter valued at approximately $11,398,000. 53.14% of the stock is currently owned by institutional investors.

Shares of Vermilion Energy (NYSE:VET) traded down $1.39 on Thursday, reaching $33.05. The company’s stock had a trading volume of 402,653 shares, compared to its average volume of 199,013. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.77. Vermilion Energy has a 12-month low of $29.91 and a 12-month high of $40.95. The company has a market capitalization of $4,358.00, a PE ratio of 110.17 and a beta of 0.61.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.173 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend is Tuesday, January 30th. Vermilion Energy’s dividend payout ratio is currently 693.33%.

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About Vermilion Energy

Vermilion Energy Inc produces oil and gas, and focuses on the acquisition, development and optimization of producing properties in North America, the Europe and Australia. Its segments include Canada, which includes production and assets focused in West Pembina near Drayton Valley, Alberta and Northgate in southeast Saskatchewan; France, which produces oil in France; Netherlands, which produces onshore gas and interests include over 24 onshore licenses and two offshore licenses; Germany, which holds interest in a four partner consortium; Ireland, which includes a non-operating interest in the offshore Corrib gas field located approximately 83 kilometers off the northwest coast of Ireland; Australia, which holds an operated working interest in the Wandoo field located approximately 80 kilometers offshore on the northwest shelf of Australia; the United States, which has interests in approximately 97,200 net acres of land in the Powder River Basin of northeastern Wyoming, and Corporate.

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