Vermilion Energy (TSE:VET) Price Target Lowered to C$17.50 at ATB Capital

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target reduced by ATB Capital from C$20.00 to C$17.50 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. National Bankshares lifted their price target on shares of Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada reduced their price objective on shares of Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Canaccord Genuity Group lowered their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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 company’s 50 day simple moving average is C$13.60 and its 200-day simple moving average is C$13.94. Vermilion Energy has a 12 month low of C$11.84 and a 12 month high of C$17.56. The firm has a market capitalization of C$2.03 billion, a PE ratio of -2.54, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). The company 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%. Equities analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The company also recently disclosed 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 is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.69%. Vermilion Energy’s payout ratio is -9.39%.

Insider Buying and Selling

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of C$12.92 per share, for a total transaction of C$64,600.00. Corporate insiders own 0.16% of the company’s stock.

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.