Vermilion Energy (TSE:VET) Shares Down 6.8% – Here’s Why

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares were down 6.8% on Tuesday . The stock traded as low as C$13.06 and last traded at C$13.09. Approximately 272,157 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 774,379 shares. The stock had previously closed at C$14.04.

Analyst Ratings Changes

VET has been the subject of a number of research reports. National Bankshares cut their target price on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Desjardins reduced their price objective on Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Royal Bank of Canada lowered their target price on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. TD Securities reduced their price target on Vermilion Energy from C$20.00 to C$18.00 in a research note on Tuesday, October 1st. Finally, BMO Capital Markets lowered Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$20.00 to C$16.00 in a report on Friday, October 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.45.

Vermilion Energy Trading Up 0.9 %

The firm’s fifty day simple moving average is C$13.43 and its 200 day simple moving average is C$14.98. The stock has a market capitalization of C$2.08 billion, a P/E ratio of -2.61, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The firm had revenue of C$478.93 million during the quarter, compared to the consensus estimate of C$514.63 million. As a group, equities research analysts forecast that Vermilion Energy Inc. will post 1.3956262 EPS for the current fiscal year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 3.60%. Vermilion Energy’s payout ratio is -9.39%.

Insider Buying and Selling

In other Vermilion Energy news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is owned by corporate insiders.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.