Vermilion Energy (NYSE:VET) Trading 7.3% Higher

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price traded up 7.3% on Monday . The stock traded as high as $7.17 and last traded at $7.16. 49,738 shares were traded during mid-day trading, a decline of 98% from the average session volume of 2,108,532 shares. The stock had previously closed at $6.67.

Several analysts recently weighed in on the company. Scotiabank boosted their price objective on Vermilion Energy from C$11.50 to C$12.50 and gave the company a “sector perform” rating in a report on Thursday, July 15th. Zacks Investment Research lowered Vermilion Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 11th. Royal Bank of Canada lowered their price objective on Vermilion Energy from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a report on Tuesday, August 17th. CIBC boosted their price objective on Vermilion Energy from C$10.00 to C$12.50 and gave the company a “neutral” rating in a report on Wednesday, July 14th. Finally, TheStreet raised Vermilion Energy from a “d” rating to a “c” rating in a report on Tuesday, May 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.03.

The company has a market capitalization of $1.19 billion, a P/E ratio of 1.80 and a beta of 3.18. The company has a fifty day moving average price of $6.96 and a 200 day moving average price of $7.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.55 and a quick ratio of 0.50.

Vermilion Energy (NYSE:VET) (TSE:VET) last posted its earnings results on Sunday, August 15th. The oil and gas company reported $2.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $2.77. Vermilion Energy had a negative return on equity of 10.13% and a net margin of 61.81%. On average, equities research analysts predict that Vermilion Energy Inc. will post 3.14 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of VET. FIL Ltd acquired a new position in shares of Vermilion Energy during the first quarter worth approximately $17,548,000. Bank of Montreal Can boosted its position in shares of Vermilion Energy by 76.7% during the first quarter. Bank of Montreal Can now owns 1,847,934 shares of the oil and gas company’s stock worth $12,861,000 after buying an additional 801,877 shares during the period. Royal Bank of Canada boosted its position in shares of Vermilion Energy by 104.4% during the first quarter. Royal Bank of Canada now owns 1,461,141 shares of the oil and gas company’s stock worth $10,637,000 after buying an additional 746,163 shares during the period. Toronto Dominion Bank boosted its position in shares of Vermilion Energy by 217.1% during the first quarter. Toronto Dominion Bank now owns 945,027 shares of the oil and gas company’s stock worth $6,865,000 after buying an additional 647,031 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Vermilion Energy by 47.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,558,607 shares of the oil and gas company’s stock worth $13,638,000 after buying an additional 503,828 shares during the period. Institutional investors and hedge funds own 17.67% of the company’s stock.

About Vermilion Energy (NYSE:VET)

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

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