Thinking Of Investing In Vermilion Energy Inc. (NYSE: VET) Stock? Read This First

Vermilion Energy Inc. (NYSE:VET) shares, rose in value on Thursday, 08/25/22, with the stock price up by 1.85% to the previous day’s close as strong demand from buyers drove the stock to $29.19.

Actively observing the price movement in the last trading, the stock closed the session at $28.66, falling within a range of $28.71 and $29.56. The value of beta (5-year monthly) was 3.25 whereas the PE ratio was 5.87 over 12-month period. Referring to stock’s 52-week performance, its high was $28.73, and the low was $6.22. On the whole, VET has fluctuated by 20.52% over the past month.

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With the market capitalization of Vermilion Energy Inc. currently standing at about $6.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for Mar 07, 2022 – Mar 11, 2022. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 1.10%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.24, which is expected to increase to $2.39 for fiscal year $5.58 and then to about $5.87 by fiscal year 2023. Data indicates that the EPS growth is expected to be 3.50% in 2023, while the next year’s EPS growth is forecast to be 5.20%.

Analysts have estimated the company’s revenue for the quarter at $521.13 million, with a low estimate of $521.13 million and a high estimate of $521.13 million. According to the average forecast, sales growth in current quarter could jump up 58.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $2.42 billion, representing an increase of 53.00% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VET’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.28, with the price of VET currently trading nearly 16.79% and 31.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.83, while the 7-day volatility ratio is showing 4.70% which for the 30-day chart, stands at 5.07%. Furthermore, Vermilion Energy Inc. (VET)’s beta value is 3.31, and its average true range (ATR) is 1.38.

A comparison of Vermilion Energy Inc. (VET) with its peers suggests the former has fared considerably weaker in the market. VET showed an intraday change of 1.85% in last session, and over the past year, it grew by 355.38%%. In comparison, Enerplus Corporation (ERF) has moved lower at -0.25% on the day and was up 184.35% over the past 12 months. On the other hand, the price of Imperial Oil Limited (IMO) has risen 1.65% on the day. The stock, however, is off 94.83% from where it was a year ago. Additionally, there is a gain of 2.10% for Canadian Natural Resources Limited (CNQ) in last trading while the stock has seen an overall depriciation of 81.69%% over the past year. The PE ratio stands at 5.87 for Vermilion Energy Inc., compared to 7.20 for Enerplus Corporation, and 6.54 for Imperial Oil Limited. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 1.41%. Meanwhile, the Dow Jones Industrial Improved by 0.98%.

Data on historical trading for Vermilion Energy Inc. (NYSE:VET) indicates that the trading volumes over the past 10 days have averaged 2.76 million and over the past 3 months, they’ve averaged 2.83 million. According to company’s latest data on outstanding shares, there are 164.52 million shares outstanding.

Nearly 1.91% of Vermilion Energy Inc.’s shares belong to company insiders and institutional investors own 31.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.92 million shares as on Jul 14, 2022, resulting in a short ratio of 1.22. According to the data, the short interest in Vermilion Energy Inc. (VET) stood at 2.38% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 2.83 million. The stock has risen by 131.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VET stock heading into the next quarter.

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