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New Big Money Means Vermilion Energy Inc (VET) Investors Could Reap Benefit

Vermilion Energy Inc (NYSE: VET) is -8.87% lower on its value in year-to-date trading and has touched a low of $9.81 and a high of $15.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VET stock was last observed hovering at around $10.97 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $10.99, the stock is 3.51% and -2.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.18% at the moment leaves the stock -14.31% off its SMA200. VET registered -19.66% loss for a year compared to 6-month loss of -21.83%. The firm has a 50-day simple moving average (SMA 50) of $1.01 and a 200-day simple moving average (SMA200) of $1.15.

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The stock witnessed a 1.48% gain in the last 1 month and extending the period to 3 months gives it a -12.64%, and is 1.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.57% over the week and 3.24% over the month.

Vermilion Energy Inc (VET) has around 740 employees, a market worth around $1.80B and $1.66B in sales. Current P/E ratio is 2.56 and Fwd P/E is 4.73. Profit margin for the company is 42.86%. Distance from 52-week low is 11.97% and -31.23% from its 52-week high. The company has generated returns on investments over the last 12 months (19.78%).

Vermilion Energy Inc quarterly earnings per share for the current quarter are estimated at $0.53 with sales reaching $442.29M over the same period.The EPS is expected to shrink by -47.23% this year, but quarterly earnings will post -35.80% year-over-year. Quarterly sales are estimated to shrink -28.20% in year-over-year returns.

259 institutions hold shares in Vermilion Energy Inc (VET), with institutional investors hold 36.18% of the company’s shares. The shares outstanding are 163.23M, and float is at 158.93M with Short Float at 1.70%. Institutions hold 36.14% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 5.68 million shares valued at $70.67 million. The investor’s holdings represent 3.47% of the VET Shares outstanding. As of Jun 29, 2023, the second largest holder is Ameriprise Financial, Inc. with 3.24 million shares valued at $40.34 million to account for 1.98% of the shares outstanding. The other top investors are Millennium Management Llc which holds 2.68 million shares representing 1.63% and valued at over $33.32 million, while Bank Of Nova Scotia / holds 1.55% of the shares totaling 2.54 million with a market value of $31.68 million.

Vermilion Energy Inc (VET): Who are the competitors?

One of the company’s main competitors (and peers) include Enerplus Corp. (ERF) that is trading 8.07% up over the past 12 months.Imperial Oil Ltd. (IMO) lies in the list of competitors of the Vermilion Energy Inc and is 22.79% higher over the same period from VETCanadian Natural Resources Ltd. (CNQ) is 14.27% up on the 1-year trading charts.

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