Vermilion Energy (TSE:VET) Price Target Lowered to C$16.00 at Royal Bank of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target decreased by Royal Bank of Canada from C$17.00 to C$16.00 in a research report report published on Monday morning,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other equities research analysts also recently issued reports on VET. ATB Capital reduced their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research note on Monday. BMO Capital Markets lowered shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. TD Securities decreased their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. National Bankshares upped their price objective on shares of Vermilion Energy from C$17.50 to C$18.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Canaccord Genuity Group cut their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$18.77.

Vermilion Energy Stock Up 1.1 %

VET stock opened at C$13.00 on Monday. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40. The firm has a market capitalization of C$2.03 billion, a P/E ratio of -2.54, a P/E/G ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The company’s 50 day simple moving average is C$13.60 and its 200-day simple moving average is C$13.94.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.12). The firm had revenue of C$490.10 million for the quarter, compared to analyst estimates of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, equities research analysts anticipate that Vermilion Energy will post 1.3956262 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.69%. Vermilion Energy’s dividend payout ratio is currently -9.39%.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of C$12.92 per share, with a total value of C$64,600.00. 0.16% of the stock is owned by company insiders.

About Vermilion Energy

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 has derived from the production and sale of petroleum and natural gas.