Analysts Set Vermilion Energy Inc. (TSE:VET) Target Price at C$18.77

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$18.77.

A number of research firms have commented on VET. Royal Bank of Canada reduced their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday. BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$20.00 to C$16.00 in a research note on Friday, October 4th. ATB Capital dropped their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday. TD Securities dropped their price objective on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Canaccord Genuity Group dropped their price objective on Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd.

Vermilion Energy Trading Up 4.5 %

Shares of VET opened at C$14.14 on Tuesday. Vermilion Energy has a 52-week low of C$11.84 and a 52-week high of C$17.56. The business’s fifty day moving average is C$13.61 and its 200-day moving average is C$13.90. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The firm has a market cap of C$2.20 billion, a price-to-earnings ratio of -2.77, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly 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). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The business had revenue of C$490.10 million during the quarter, compared to the consensus estimate of C$497.45 million. Equities analysts anticipate that Vermilion Energy will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is currently -9.39%.

Insiders Place Their Bets

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

Vermilion Energy Company Profile

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.