Vermilion Energy (NYSE:VET) Stock Passes Below 200-Day Moving Average of $11.62

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.62 and traded as low as $10.94. Vermilion Energy shares last traded at $11.02, with a volume of 559,351 shares trading hands.

Analyst Ratings Changes

VET has been the topic of several recent research reports. BMO Capital Markets started coverage on shares of Vermilion Energy in a report on Tuesday, May 14th. They set an “outperform” rating on the stock. TD Securities raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Vermilion Energy Trading Up 1.8 %

The company’s 50 day moving average price is $11.69 and its 200 day moving average price is $11.61. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -4.08 and a beta of 2.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.16.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Wednesday, May 1st. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.78). The firm had revenue of $376.85 million during the quarter. Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. During the same quarter in the previous year, the firm earned $0.77 EPS. Research analysts anticipate that Vermilion Energy Inc. will post 1.45 EPS for the current year.

Vermilion Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.0872 dividend. This represents a $0.35 annualized dividend and a yield of 3.07%. The ex-dividend date is Friday, June 28th. Vermilion Energy’s payout ratio is presently -12.59%.

Hedge Funds Weigh In On Vermilion Energy

Several institutional investors and hedge funds have recently made changes to their positions in VET. BNP Paribas Financial Markets grew its stake in shares of Vermilion Energy by 1,425.0% during the 4th quarter. BNP Paribas Financial Markets now owns 114,740 shares of the oil and gas company’s stock worth $1,384,000 after acquiring an additional 107,216 shares in the last quarter. Ameriprise Financial Inc. grew its position in Vermilion Energy by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 3,586,946 shares of the oil and gas company’s stock valued at $52,441,000 after acquiring an additional 346,826 shares during the last quarter. DRW Securities LLC bought a new position in Vermilion Energy in the fourth quarter valued at about $2,231,000. Cobalt Capital Management Inc. bought a new position in Vermilion Energy in the fourth quarter valued at about $1,447,000. Finally, Vanguard Group Inc. grew its holdings in shares of Vermilion Energy by 1.4% during the third quarter. Vanguard Group Inc. now owns 5,758,056 shares of the oil and gas company’s stock worth $84,183,000 after purchasing an additional 81,497 shares during the last quarter. Institutional investors and hedge funds own 31.91% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.