Royal Bank of Canada Cuts Vermilion Energy (TSE:VET) Price Target to C$16.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target reduced by Royal Bank of Canada from C$17.00 to C$16.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the company. National Bankshares lifted their target price on Vermilion Energy from C$17.50 to C$18.00 and gave the stock an “outperform” rating in a report on Monday. ATB Capital dropped their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday. TD Securities cut their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Canaccord Genuity Group decreased their target price on shares of Vermilion Energy from C$20.00 to C$19.00 in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets downgraded Vermilion Energy from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.77.

Vermilion Energy Trading Up 4.1 %

Shares of Vermilion Energy stock opened at C$13.53 on Monday. Vermilion Energy has a 12-month low of C$11.84 and a 12-month high of C$17.56. The firm’s 50 day simple moving average is C$13.60 and its two-hundred day simple moving average is C$13.92. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63. The firm has a market capitalization of C$2.11 billion, a price-to-earnings ratio of -2.65, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). The firm had revenue of C$490.10 million during the quarter, compared to analysts’ expectations of C$497.45 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. Analysts predict that Vermilion Energy will post 1.3956262 EPS for the current year.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -9.39%.

Insider Buying and Selling

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction on Friday, December 27th. The stock was bought at an average cost of C$12.92 per share, for a total transaction of C$64,600.00. 0.16% of the stock is currently owned by insiders.

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.