VET Stock Summary and Trading Ideas (Vermilion Energy Common (Canada) | NYSE:VET)

Vermilion Energy Inc is an international oil and gas-producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue is derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well-completion techniques to keep production at attractive levels. It derives a majority of its revenue from Canada.

Vermilion Energy Common (Canada) trades on the NYSE stock market under the symbol VET.

As of April 18, 2024, VET stock price declined to $11.76 with 446,573 million shares trading.

VET has a beta of 0.43, meaning it tends to be less sensitive to market movements. VET has a correlation of 0.02 to the broad based SPY ETF.

VET has a market cap of $1.89 billion. This is considered a Small Cap stock.

Last quarter Vermilion Energy Common (Canada) reported $384 million in Revenue and $.96 earnings per share. This fell short of revenue expectation by $-56 million and exceeded earnings estimates by $.44.

In the last 3 years, VET stock traded as high as $30.17 and as low as $5.51.

The top ETF exchange traded funds that VET belongs to (by Net Assets): FCG, DISV, DFIC, DFAX, DFIS.

VET has underperformed the market in the last year with a price return of -11.1% while the SPY ETF gained +22.3%. However, in the short term, VET had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.4% vs +6.1% return in SPY. But in the last 2 weeks, VET shares have been beat by the market, returning -6.6% compared to an SPY return of -3.8%.

VET support price is $11.55 and resistance is $12.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VET stock will trade within this expected range on the day.