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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price traded down 13.8% during 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. 1,567,002 shares were traded 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 equities research analysts also recently 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 company an “outperform” rating in a report on Thursday, January 30th. TD Securities reduced their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock 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 note on Thursday, February 13th. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Monday, December 30th. Finally, Desjardins cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Up 5.4 %

The stock has a 50 day moving average price of C$11.42 and a 200 day moving average price of C$12.95. The company has a market cap of C$1.31 billion, a P/E ratio of -1.59, a P/E/G 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.

Vermilion Energy Increases Dividend

The firm also recently announced 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. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -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.