Royal Bank of Canada Downgrades Vermilion Energy (TSE:VET) to Sector Perform

Royal Bank of Canada downgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from an outperform rating to a sector perform rating in a research note published on Thursday, BayStreet.CA reports. Royal Bank of Canada currently has C$33.00 target price on the stock, down from their prior target price of C$40.00.

Several other equities analysts have also commented on VET. BMO Capital Markets reaffirmed a hold rating and issued a $9.50 price objective on shares of Vicon Industries in a research report on Friday, June 14th. JPMorgan Chase & Co. increased their price objective on shares of Vermilion Energy from C$42.00 to C$43.00 in a research report on Monday, May 13th. GMP Securities reaffirmed a buy rating and issued a $22.25 price objective on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. National Bank Financial increased their price objective on shares of Vermilion Energy from C$35.00 to C$36.00 and gave the company an outperform rating in a research report on Tuesday, July 16th. Finally, Eight Capital reaffirmed a buy rating and issued a C$42.00 price objective on shares of Vermilion Energy in a research report on Monday, June 10th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Vermilion Energy has a consensus rating of Buy and an average price target of C$38.75.

Shares of Vermilion Energy stock opened at C$26.08 on Thursday. The stock has a market cap of $4.03 billion and a price-to-earnings ratio of 13.61. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 72.05. The firm has a 50 day moving average of C$28.08. Vermilion Energy has a 52 week low of C$25.70 and a 52 week high of C$47.98.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Thursday, April 25th. The company reported C$0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.07). The company had revenue of C$481.08 million for the quarter. As a group, analysts anticipate that Vermilion Energy will post 1.19 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.23 per share. This represents a $2.76 dividend on an annualized basis and a yield of 10.58%. The ex-dividend date of this dividend is Tuesday, July 30th. Vermilion Energy’s dividend payout ratio is presently 144.05%.

In other Vermilion Energy news, Senior Officer Robert John Engbloom sold 3,984 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$31.30, for a total transaction of C$124,699.20. Following the completion of the transaction, the insider now directly owns 34,696 shares of the company’s stock, valued at approximately C$1,085,984.80. Also, Senior Officer Mona Jean Jasinski sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$27.06, for a total transaction of C$270,564.00. Following the transaction, the insider now directly owns 40,817 shares of the company’s stock, valued at C$1,104,361.08. Insiders have sold a total of 20,699 shares of company stock valued at $584,089 over the last three months.

Vermilion Energy Company Profile

Vermilion Energy Inc acquires, explores, develops, and produces petroleum and natural gas in Canada, France, the Netherlands, Germany, Ireland, Australia, the United States, and Central and Eastern Europe. It owns 80% interest in 544,500 net acres of developed land and 87% interest in 439,800 net acres of undeveloped land, and 397 net producing natural gas wells and 3,346 net producing oil wells; and 96% interest in 248,900 net acres of developed land and 92% interest in 251,800 net acres of undeveloped land in the Aquitaine and Paris Basins, and 337 net producing oil wells and 2 net producing gas wells.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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