Vermilion Energy (TSE:VET) Price Target Lowered to C$20.00 at BMO Capital Markets

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price cut by BMO Capital Markets from C$21.00 to C$20.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Several other research firms also recently weighed in on VET. JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating for the company in a report on Friday, March 8th. National Bankshares upped their price objective on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the stock an outperform rating in a report on Friday, April 19th. Royal Bank of Canada upped their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a report on Tuesday, April 9th. Canaccord Genuity Group boosted their price target on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the stock a buy rating in a research report on Wednesday, April 17th. Finally, Desjardins boosted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 and gave the stock a buy rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Vermilion Energy has a consensus rating of Moderate Buy and a consensus price target of C$21.63.

Vermilion Energy Stock Up 2.0 %

VET stock opened at C$15.56 on Wednesday. The company has a debt-to-equity ratio of 32.96, a current ratio of 1.15 and a quick ratio of 0.40. Vermilion Energy has a 1-year low of C$13.30 and a 1-year high of C$21.60. The firm has a fifty day moving average price of C$15.99 and a two-hundred day moving average price of C$15.74. The firm has a market cap of C$2.49 billion, a price-to-earnings ratio of -4.12, a PEG ratio of -0.02 and a beta of 2.73.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, May 1st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$1.08 by C($1.07). Vermilion Energy had a negative net margin of 34.11% and a negative return on equity of 18.21%. The business had revenue of C$508.04 million for the quarter. Research analysts predict that Vermilion Energy will post 1.6180556 EPS for the current year.

Vermilion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 3.08%. Vermilion Energy’s payout ratio is presently -12.70%.

Insiders Place Their Bets

In other Vermilion Energy news, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$16.37, for a total transaction of C$491,100.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 5,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of C$16.45 per share, for a total transaction of C$82,245.00. Also, Senior Officer Terrance Gerald Hergott sold 30,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$16.37, for a total value of C$491,100.00. Corporate insiders own 0.15% of the company’s stock.

Vermilion Energy Company Profile

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.