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

Shares of Vermilion Energy Inc. (NYSE:VET) (TSE:VET) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.62 and traded as low as $11.00. Vermilion Energy shares last traded at $11.00, with a volume of 1,052,019 shares traded.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VET. TD Securities raised Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. BMO Capital Markets assumed coverage on Vermilion Energy in a report on Tuesday, May 14th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Vermilion Energy Price Performance

The stock has a fifty day moving average of $11.80 and a 200 day moving average of $11.62. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -3.96 and a beta of 2.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 1.11.

Vermilion Energy (NYSE:VET) (TSE:VET) last announced its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.78). The business had revenue of $376.85 million for the quarter. Vermilion Energy had a negative net margin of 30.71% and a positive return on equity of 11.65%. During the same period last year, the firm posted $0.77 EPS. On average, analysts expect that Vermilion Energy Inc. will post 1.45 EPS for the current fiscal year.

Vermilion Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.0872 dividend. This represents a $0.35 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, June 28th. Vermilion Energy’s payout ratio is -12.59%.

Hedge Funds Weigh In On Vermilion Energy

A number of institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its holdings in Vermilion Energy by 243.1% during the first quarter. Oppenheimer & Co. Inc. now owns 686,712 shares of the oil and gas company’s stock worth $8,543,000 after acquiring an additional 486,567 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Vermilion Energy by 62.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,029,095 shares of the oil and gas company’s stock worth $15,054,000 after acquiring an additional 397,495 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Vermilion Energy by 10.7% during the 3rd 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 period. Allianz Asset Management GmbH increased its stake in shares of Vermilion Energy by 613.5% in the 4th quarter. Allianz Asset Management GmbH now owns 364,139 shares of the oil and gas company’s stock valued at $4,410,000 after purchasing an additional 313,100 shares in the last quarter. Finally, Intact Investment Management Inc. raised its holdings in Vermilion Energy by 36.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,147,900 shares of the oil and gas company’s stock worth $13,835,000 after purchasing an additional 307,200 shares during the period. Hedge funds and other institutional investors 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.