Vermilion Energy (NYSE:VET) Shares Gap Down – What’s Next?

Vermilion Energy Inc. (NYSE:VET) (TSE:VET) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.96, but opened at $9.59. Vermilion Energy shares last traded at $9.44, with a volume of 117,541 shares changing hands.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a research report on Friday, October 4th.

Vermilion Energy Price Performance

The business’s 50-day moving average price is $9.86 and its 200 day moving average price is $10.96. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $1.50 billion, a P/E ratio of -2.67 and a beta of 1.99.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.69). Vermilion Energy had a negative net margin of 41.33% and a positive return on equity of 5.99%. The firm had revenue of $350.04 million during the quarter, compared to the consensus estimate of $376.54 million. Analysts anticipate that Vermilion Energy Inc. will post 0.35 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a $0.088 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.09. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, September 27th. Vermilion Energy’s dividend payout ratio (DPR) is -9.65%.

Hedge Funds Weigh In On Vermilion Energy

Large investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Vermilion Energy in the fourth quarter valued at approximately $205,000. BNP Paribas Financial Markets raised its stake in Vermilion Energy by 37.9% in the first quarter. BNP Paribas Financial Markets now owns 158,240 shares of the oil and gas company’s stock valued at $1,969,000 after purchasing an additional 43,500 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Vermilion Energy by 34.8% in the first quarter. Janney Montgomery Scott LLC now owns 201,044 shares of the oil and gas company’s stock valued at $2,501,000 after purchasing an additional 51,920 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in Vermilion Energy in the first quarter valued at approximately $298,000. Finally, Tobam raised its stake in Vermilion Energy by 8.0% in the first quarter. Tobam now owns 18,944 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 1,409 shares in the last quarter. 31.91% of the stock is currently owned by institutional investors.

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.