Why Vermilion Energy Inc (VET) Stock Could See Much Higher Prices Ahead

Vermilion Energy Inc (NYSE: VET) is -14.15% lower on its value in year-to-date trading and has touched a low of $5.14 and a high of $11.52 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 $8.24 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $8.07, the stock is 15.06% and 22.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -2.06% at the moment leaves the stock -6.90% off its SMA200. VET registered -29.83% loss for a year compared to 6-month loss of -16.20%.

The stock witnessed a 19.03% gain in the last 1 month and extending the period to 3 months gives it a 2.41%, and is 10.40% 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 3.54% over the week and 2.69% over the month.

Vermilion Energy Inc (VET) has around 743 employees, a market worth around $1.25B and $1.39B in sales. Fwd P/E is 405.94. Profit margin for the company is -1.80%. Distance from 52-week low is 57.00% and -29.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.75%).

The EPS is expected to grow by 282.50% this year.

Vermilion Energy Inc (VET) Top Institutional Holders

The shares outstanding are 154.18M, and float is at 152.77M with Short Float at 3.01%.

The top institutional shareholder in the company is AMERIPRISE FINANCIAL INC with over 6.3 million shares valued at $69.38 million. The investor’s holdings represent 3.9502% of the VET Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.98 million shares valued at $65.82 million to account for 3.7477 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 5.48 million shares representing 3.4381% and valued at over $60.36 million, while DIMENSIONAL FUND ADVISORS LP holds 2.171 of the shares totaling 3.46 million with a market value of $38.13 million.