Vermilion Energy (NYSE:VET) Shares Gap Down – Here’s What Happened

Vermilion Energy Inc. (NYSE:VET) (TSE:VET)’s share price gapped down before the market opened on Monday . The stock had previously closed at $9.92, but opened at $9.58. Vermilion Energy shares last traded at $9.72, with a volume of 206,538 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating in a report on Friday, October 4th.

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.09 and a quick ratio of 1.02. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -2.60 and a beta of 1.99. The firm has a 50 day simple moving average of $9.82 and a 200-day simple moving average of $10.78.

Vermilion Energy (NYSE:VET) (TSE:VET) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.69). The business had revenue of $350.04 million for the quarter, compared to analysts’ expectations of $376.54 million. Vermilion Energy had a positive return on equity of 5.99% and a negative net margin of 41.33%. As a group, analysts predict that Vermilion Energy Inc. will post 0.34 EPS for the current fiscal year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, September 27th. Vermilion Energy’s payout ratio is -9.65%.

Hedge Funds Weigh In On Vermilion Energy

A number of hedge funds have recently made changes to their positions in the stock. Tobam grew its position in Vermilion Energy by 8.0% in the 1st quarter. Tobam now owns 18,944 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 1,409 shares in the last quarter. Bank of Nova Scotia Trust Co. increased its stake in Vermilion Energy by 15.8% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,593 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Vermilion Energy by 1.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company’s stock worth $1,870,000 after buying an additional 1,936 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Vermilion Energy by 17.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,387 shares of the oil and gas company’s stock worth $229,000 after buying an additional 2,716 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Vermilion Energy by 2,569.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 3,674 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.