Vermilion Energy (TSE:VET) Shares Down 13.8% Following Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) dropped 13.8% on Friday 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$8.01. Approximately 1,567,002 shares traded hands during trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

Other equities research analysts also recently issued research reports about the company. ATB Capital dropped their target price on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. National Bankshares boosted their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada lowered their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, December 30th. TD Securities cut their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, BMO Capital Markets lowered their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Stock Performance

The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The stock has a market cap of C$1.24 billion, a P/E ratio of -1.51, a PEG ratio of -0.02 and a beta of 2.60. The stock has a 50-day simple moving average of C$11.52 and a 200-day simple moving average of C$12.98.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 6.49%. Vermilion Energy’s payout ratio is -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.