Vermilion Energy Inc. [VET] Revenue clocked in at $2.45 billion, up 42.65% YTD: What’s Next?

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Vermilion Energy Inc. [NYSE: VET] loss -4.62% or -0.87 points to close at $17.96 with a heavy trading volume of 4820749 shares. The company report on July 4, 2022 that Vermilion Energy Inc. Receives TSX Approval For Normal Course Issuer Bid.


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Vermilion Energy Inc. (“Vermilion”, “We”, “Our”, “Us” or the “Company”) (TSX: VET) (NYSE: VET) is pleased to announce that the Toronto Stock Exchange (“TSX”) has approved the notice of Vermilion’s intention to commence a normal course issuer bid (“NCIB”) through the facilities of the Toronto Stock Exchange (“TSX”), New York Stock Exchange and other alternative trading platforms in Canada and USA.

The NCIB allows Vermilion to purchase up to 16,076,666 common shares, representing approximately 10% of its public float as at June 22, 2022, over a twelve month period commencing on July 6, 2022. The NCIB will expire no later than July 5, 2023. The total number of common shares Vermilion is permitted to purchase on the TSX is subject to a daily purchase limit of 513,299 common shares, representing 25% of the average daily trading volume of 2,053,198 common shares on the TSX calculated for the six-month period ended May 31, 2022; however, Vermilion may make one block purchase per calendar week which exceeds the daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Vermilion.

It opened the trading session at $18.51, the shares rose to $18.86 and dropped to $16.60, the range by which the price of stock traded the whole day. The daily chart for VET points out that the company has recorded 38.37% gains over the past six months. However, it is still -225.95% lower than its most recent low trading price.

If we look at the average trading volume of 2.75M shares, VET reached to a volume of 4820749 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Vermilion Energy Inc. [VET]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VET shares is $25.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VET stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for Vermilion Energy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 30, 2022. The new note on the price target was released on June 27, 2022, representing the official price target for Vermilion Energy Inc. stock.

The Average True Range (ATR) for Vermilion Energy Inc. is set at 1.60, with the Price to Sales ratio for VET stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.02. Price to Free Cash Flow for VET in the course of the last twelve months was 3.67 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for VET stock

Vermilion Energy Inc. [VET] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.52. With this latest performance, VET shares dropped by -20.88% in over the last four-week period, additionally plugging by 38.37% over the last 6 months – not to mention a rise of 113.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VET stock in for the last two-week period is set at 41.11, with the RSI for the last a single of trading hit 38.41, and the three-weeks RSI is set at 43.13 for Vermilion Energy Inc. [VET]. The present Moving Average for the last 50 days of trading for this stock 20.50, while it was recorded at 19.04 for the last single week of trading, and 16.11 for the last 200 days.

Vermilion Energy Inc. [VET]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Vermilion Energy Inc. [VET] shares currently have an operating margin of +34.00 and a Gross Margin at +38.62. Vermilion Energy Inc.’s Net Margin is presently recorded at +56.29.

Return on Equity for this stock inclined to 76.80, with Return on Assets sitting at 22.94.

Vermilion Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Vermilion Energy Inc. [VET]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VET. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vermilion Energy Inc. go to 20.91%.

An analysis of insider ownership at Vermilion Energy Inc. [VET]

There are presently around $834 million, or 31.01% of VET stock, in the hands of institutional investors. The top three institutional holders of VET stocks are: VANGUARD GROUP INC with ownership of 5,114,553, which is approximately 4.277% of the company’s market cap and around 1.93% of the total institutional ownership; BANK OF NOVA SCOTIA, holding 2,250,750 shares of the stock with an approximate value of $42.38 million in VET stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $41.8 million in VET stock with ownership of nearly 3.05% of the company’s market capitalization.

Positions in Vermilion Energy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 94 institutional holders increased their position in Vermilion Energy Inc. [NYSE:VET] by around 10,642,525 shares. Additionally, 62 investors decreased positions by around 7,892,197 shares, while 12 investors held positions by with 25,750,376 shares. The mentioned changes placed institutional holdings at 44,285,098 shares, according to the latest SEC report filing. VET stock had 40 new institutional investments in for a total of 4,150,884 shares, while 17 institutional investors sold positions of 974,147 shares during the same period.

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