Vermilion Energy (NYSE:VET) Shares Gap Down - Time to Sell?

Shares of Vermilion Energy Inc. (NYSE:VET - Get Free Report) TSE: VET gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

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

Vermilion Energy Price Performance

The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $9.80 and its 200-day moving average is $10.76. The company has a market cap of $1.50 billion, a PE ratio of -2.58 and a beta of 1.99.

Vermilion Energy (NYSE:VET - Get Free Report) TSE: VET last announced its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.69). Vermilion Energy had a negative net margin of 41.33% and a positive return on equity of 5.99%. The company had revenue of $350.04 million for the quarter, compared to analysts' expectations of $376.54 million. On average, equities analysts anticipate that Vermilion Energy Inc. will post 0.34 EPS for the current year.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.088 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.35 annualized dividend and a dividend yield of 3.66%. This is a boost from Vermilion Energy's previous quarterly dividend of $0.09. Vermilion Energy's payout ratio is currently -9.65%.

Hedge Funds Weigh In On Vermilion Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tobam boosted its stake in Vermilion Energy by 8.0% during the first quarter. Tobam now owns 18,944 shares of the oil and gas company's stock worth $236,000 after acquiring an additional 1,409 shares in the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in Vermilion Energy by 15.8% during the first quarter. Bank of Nova Scotia Trust Co. now owns 11,650 shares of the oil and gas company's stock worth $145,000 after acquiring an additional 1,593 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Vermilion Energy by 1.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,928 shares of the oil and gas company's stock worth $1,870,000 after acquiring an additional 1,936 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Vermilion Energy by 17.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 18,387 shares of the oil and gas company's stock worth $229,000 after acquiring an additional 2,716 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Vermilion Energy by 2,569.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,817 shares of the oil and gas company's stock worth $41,000 after acquiring an additional 3,674 shares in the last quarter. 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.