Vermilion Energy (TSE:VET) Stock Price Down 13.8% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 13.8% during mid-day 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$8.01. 1,567,002 shares traded hands during mid-day trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

Other research analysts have also issued reports about the company. National Bankshares raised their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. TD Securities decreased their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Desjardins downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Finally, ATB Capital cut their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research 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 stock. According to MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Down 13.8 %

The company has a market capitalization of C$1.24 billion, a PE ratio of -1.51, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The stock’s 50 day moving average is C$11.52 and its 200 day moving average is C$12.98.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.13 per share. The ex-dividend date is Monday, March 31st. This is a boost 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 dividend payout ratio is currently -9.03%.

Vermilion Energy Company Profile

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.