Vermilion Energy (TSE:VET) Trading Down 14.4% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares fell 14.4% during trading on Thursday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$7.95. 867,089 shares were traded during mid-day trading, an increase of 14% from the average session volume of 762,131 shares. The stock had previously closed at C$9.29.

Several other analysts have also recently weighed in on the stock. ATB Capital reduced their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. BMO Capital Markets dropped their target price on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. National Bankshares increased their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reduced their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Monday, December 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Performance

The stock has a market cap of C$1.24 billion, a price-to-earnings ratio of -1.51, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The company’s 50-day simple moving average is C$11.62 and its 200-day simple moving average is C$13.02.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.13 dividend. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio is currently -9.03%.

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.