JPMorgan Chase & Co. started coverage on shares of Vermilion Energy (NYSE:VET) (TSE:VET) in a report released on Monday. The brokerage issued an overweight rating on the oil and gas company’s stock.
Several other research analysts also recently issued reports on VET. ValuEngine downgraded shares of Vermilion Energy from a hold rating to a sell rating in a research report on Thursday, February 8th. Canaccord Genuity restated a buy rating and issued a $52.00 target price on shares of Vermilion Energy in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $47.83.
Vermilion Energy (VET) opened at $33.60 on Monday. Vermilion Energy has a 52-week low of $29.91 and a 52-week high of $40.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.72 and a current ratio of 0.77. The stock has a market cap of $4,014.53, a price-to-earnings ratio of 112.00 and a beta of 0.61.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a $0.173 dividend. This represents a $2.08 annualized dividend and a dividend yield of 6.18%. The ex-dividend date is Tuesday, January 30th. Vermilion Energy’s dividend payout ratio (DPR) is presently 693.33%.
Several hedge funds have recently added to or reduced their stakes in VET. Advisor Group Inc. lifted its stake in shares of Vermilion Energy by 173.6% in the 3rd quarter. Advisor Group Inc. now owns 3,122 shares of the oil and gas company’s stock worth $111,000 after acquiring an additional 1,981 shares during the period. American International Group Inc. acquired a new stake in shares of Vermilion Energy in the 4th quarter worth $204,000. Sterling Capital Management LLC acquired a new stake in shares of Vermilion Energy in the 2nd quarter worth $219,000. PNC Financial Services Group Inc. lifted its stake in shares of Vermilion Energy by 68.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,507 shares of the oil and gas company’s stock worth $334,000 after acquiring an additional 4,280 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Vermilion Energy by 105.5% in the 3rd quarter. Sei Investments Co. now owns 9,572 shares of the oil and gas company’s stock worth $341,000 after acquiring an additional 4,915 shares during the period. Institutional investors own 53.30% of the company’s stock.
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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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