Vermilion Energy (TSE:VET) Price Target Cut to C$17.00 by Analysts at Royal Bank of Canada

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective cut by Royal Bank of Canada from C$20.00 to C$17.00 in a report published on Tuesday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Desjardins lowered their price target on Vermilion Energy from C$21.00 to C$20.00 and set a buy rating for the company in a report on Tuesday, August 6th. Canaccord Genuity Group lowered their price target on Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a report on Thursday, August 1st. BMO Capital Markets lowered their price target on Vermilion Energy from C$21.00 to C$20.00 in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy has a consensus rating of Moderate Buy and a consensus target price of C$20.67.

Vermilion Energy Price Performance

Shares of TSE VET opened at C$13.01 on Tuesday. The stock has a market capitalization of C$2.03 billion, a PE ratio of -2.58, a P/E/G ratio of -0.02 and a beta of 2.62. 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 business has a fifty day moving average price of C$13.87 and a two-hundred day moving average price of C$15.30. Vermilion Energy has a fifty-two week low of C$11.87 and a fifty-two week high of C$21.30.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The company had revenue of C$478.93 million during the quarter, compared to analyst estimates of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. As a group, equities analysts predict that Vermilion Energy will post 1.9130435 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a $0.12 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.69%. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.50%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of C$13.54 per share, for a total transaction of C$67,700.00. Corporate insiders own 0.16% 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.