Vermilion Energy (TSE:VET) Price Target Raised to C$14.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target lifted by TD Securities from C$13.00 to C$14.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also commented on VET. Scotiabank boosted their price objective on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. National Bankshares decreased their price objective on Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. BMO Capital Markets lifted their target price on Vermilion Energy from C$12.00 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, Desjardins increased their price target on Vermilion Energy from C$12.50 to C$13.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$14.00.

Vermilion Energy Price Performance

Shares of TSE VET opened at C$11.86 on Thursday. The company has a fifty day moving average price of C$11.58 and a 200 day moving average price of C$10.91. Vermilion Energy has a 1-year low of C$7.29 and a 1-year high of C$15.11. The firm has a market cap of C$1.82 billion, a PE ratio of -7.80, a PEG ratio of -0.02 and a beta of 0.82. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.02 earnings per share for the quarter. Vermilion Energy had a negative return on equity of 28.37% and a negative net margin of 42.01%.The company had revenue of C$452.18 million during the quarter. Research analysts predict that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.52 annualized dividend and a dividend yield of 4.4%. Vermilion Energy’s dividend payout ratio is presently -33.55%.

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.