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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) was down 13.8% during mid-day trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.01. Approximately 1,567,002 shares were traded during mid-day trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

Several other research analysts also recently weighed in on VET. ATB Capital dropped 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 research report on Monday, December 30th. National Bankshares lifted their price objective on shares of 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 reduced their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Finally, Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Price 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 capitalization of C$1.24 billion, a price-to-earnings ratio of -1.51, a PEG ratio of -0.02 and a beta of 2.60. The stock’s 50 day simple moving average is C$11.52 and its 200-day simple moving average is C$12.98.

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 issued a $0.13 dividend. 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 dividend on an annualized basis and a 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.