Vermilion Energy Inc. (NYSE:VET – Get Free Report) (TSE:VET) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 2,370,000 shares, a drop of 27.7% from the July 31st total of 3,280,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.5% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in VET. Covestor Ltd bought a new position in shares of Vermilion Energy during the 1st quarter worth approximately $25,000. Money Concepts Capital Corp bought a new stake in Vermilion Energy in the 4th quarter valued at $40,000. Tower Research Capital LLC TRC boosted its stake in Vermilion Energy by 99.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,362 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 2,170 shares during the period. PNC Financial Services Group Inc. boosted its stake in Vermilion Energy by 8,245.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,757 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 4,700 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Vermilion Energy in the 4th quarter valued at $121,000. 28.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on VET. Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Canaccord Genuity Group initiated coverage on Vermilion Energy in a research report on Friday, July 21st. They set a “buy” rating on the stock. Finally, StockNews.com initiated coverage on Vermilion Energy in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.50.
Get Our Latest Stock Report on VET
Vermilion Energy Stock Up 1.6 %
NYSE:VET opened at $13.78 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.25. Vermilion Energy has a twelve month low of $10.75 and a twelve month high of $30.17. The stock’s 50 day moving average price is $13.34 and its two-hundred day moving average price is $12.97. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 2.62 and a beta of 2.25.
Vermilion Energy (NYSE:VET – Get Free Report) (TSE:VET) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.24 by $0.33. Vermilion Energy had a return on equity of 16.48% and a net margin of 41.30%. The company had revenue of $350.94 million during the quarter, compared to the consensus estimate of $409.87 million. Equities research analysts expect that Vermilion Energy will post 2.18 earnings per share for the current fiscal year.
Vermilion Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.0749 per share. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, September 28th. Vermilion Energy’s payout ratio is currently 5.51%.
Vermilion Energy Company Profile
(Get Free Report)
Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. The company owns 82% working interest in 796,648 net acres of developed land and 85% working interest in 384,237 net acres of undeveloped land in Canada; 149,043 net acres of land in the Powder River basin in the United States; 96% working interest in 258,125 net acres of developed land and 100% working interest in 106,993 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 1,604,206 net acres of land in the Netherlands; 107,351 net developed acres and 1,549,929 net undeveloped acres in Germany; 975,374 net acres land in Croatia; 614,625 net acres land in Hungary; and 97,907 net acres land in Slovakia.
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