Vermilion Energy (TSE:VET) Upgraded by TD Securities to Buy

TD Securities upgraded shares of Vermilion Energy (TSE:VET) (NYSE:VET) from a hold rating to a buy rating in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have C$20.00 price objective on the stock, up from their prior price objective of C$18.00.

A number of other research analysts also recently issued reports on the company. CIBC lowered their price target on Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating on the stock in a report on Tuesday, January 16th. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$23.00 to C$20.00 and set a sector perform rating on the stock in a report on Friday, March 8th. JPMorgan Chase & Co. decreased their price objective on shares of Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating for the company in a report on Friday, March 8th. Canaccord Genuity Group dropped their target price on shares of Vermilion Energy from C$22.50 to C$20.00 and set a buy rating on the stock in a report on Friday, March 8th. Finally, Desjardins decreased their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Vermilion Energy presently has a consensus rating of Moderate Buy and an average price target of C$21.77.

Vermilion Energy Stock Performance

Shares of Vermilion Energy stock opened at C$16.60 on Wednesday. Vermilion Energy has a 1 year low of C$13.30 and a 1 year high of C$21.60. The firm’s 50-day moving average is C$14.91 and its 200 day moving average is C$16.92. The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of -11.45, a PEG ratio of -0.02 and a beta of 2.71. The company has a debt-to-equity ratio of 31.93, a current ratio of 1.18 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.89%. Vermilion Energy’s payout ratio is -33.10%.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk bought 3,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of C$16.10 per share, for a total transaction of C$48,300.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$16.10 per share, for a total transaction of C$48,300.00. Also, Director Robert B. Michaleski purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. Company insiders own 0.15% 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.