Vermilion Energy (TSE:VET) Price Target Raised to C$15.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price hoisted by Scotiabank from C$14.00 to C$15.00 in a research report report published on Tuesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other brokerages have also recently issued reports on VET. National Bankshares reduced their price target on shares of Vermilion Energy from C$17.00 to C$15.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. TD Securities raised their price target on shares of Vermilion Energy from C$13.00 to C$14.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. BMO Capital Markets boosted their price target on shares of Vermilion Energy from C$12.00 to C$13.00 and gave the stock a “market perform” rating in a research note on Thursday, December 11th. Desjardins upped their price objective on Vermilion Energy from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Monday, November 24th. Finally, ATB Capital increased their price objective on Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$14.11.

Vermilion Energy Stock Down 4.4%

TSE:VET opened at C$12.47 on Tuesday. Vermilion Energy has a 52 week low of C$7.29 and a 52 week high of C$14.83. The stock’s fifty day moving average is C$11.95 and its two-hundred day moving average is C$11.18. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of -8.20, a price-to-earnings-growth ratio of -0.02 and a beta of 0.80. The company has a quick ratio of 0.40, a current ratio of 1.25 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 (EPS) for the quarter. Vermilion Energy had a negative return on equity of 28.37% and a negative net margin of 42.01%.The firm had revenue of C$452.18 million for the quarter. Research analysts anticipate that Vermilion Energy will post 1.3956262 EPS for the current year.

Vermilion Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.13 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.2%. Vermilion Energy’s dividend payout ratio (DPR) is currently -33.55%.

Insider Activity

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of C$11.56 per share, with a total value of C$57,800.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$578,000. This represents a 11.11% increase in their position. 0.16% of the stock is owned by corporate insiders.

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. In each market, the company relies on a host of drilling and well completion techniques to keep production at attractive levels.