Vermilion Energy (NYSE:VET) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Vermilion Energy (NYSE:VET) (TSE:VET) from a hold rating to a sell rating in a report issued on Saturday morning.

VET has been the topic of a number of other research reports. National Bankshares reaffirmed an “outperform” rating on shares of Vermilion Energy in a research report on Friday, April 25th. Desjardins raised shares of Vermilion Energy from a “hold” rating to a “buy” rating in a research report on Thursday, June 5th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Vermilion Energy in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Vermilion Energy Trading Down 2.7%

Shares of VET stock opened at $7.31 on Friday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -8.40 and a beta of 1.22. The stock has a 50-day moving average of $7.78 and a 200-day moving average of $7.60. The company has a current ratio of 0.71, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. Vermilion Energy has a 1-year low of $5.14 and a 1-year high of $10.85.

Vermilion Energy (NYSE:VET) (TSE:VET) last issued its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.14). The company had revenue of $392.33 million during the quarter, compared to analyst estimates of $562.50 million. Vermilion Energy had a negative net margin of 9.29% and a positive return on equity of 0.17%. On average, equities research analysts forecast that Vermilion Energy will post 0.22 earnings per share for the current year.

Vermilion Energy Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a yield of 466.0%. Vermilion Energy’s dividend payout ratio is -43.68%.

Institutional Trading of Vermilion Energy

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Vermilion Energy by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,066,063 shares of the oil and gas company’s stock valued at $57,100,000 after purchasing an additional 86,425 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Vermilion Energy by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 126,030 shares of the oil and gas company’s stock valued at $1,185,000 after purchasing an additional 67,581 shares during the period. Geode Capital Management LLC raised its holdings in shares of Vermilion Energy by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 80,484 shares of the oil and gas company’s stock valued at $765,000 after purchasing an additional 3,668 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Vermilion Energy by 267.2% during the fourth quarter. Russell Investments Group Ltd. now owns 159,556 shares of the oil and gas company’s stock valued at $1,498,000 after purchasing an additional 116,102 shares during the period. Finally, Cerity Partners LLC acquired a new position in shares of Vermilion Energy during the fourth quarter valued at about $122,000. 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.