Brokerages Set Vermilion Energy Inc. (TSE:VET) Price Target at C$19.45

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$19.45.

Several equities research analysts have issued reports on VET shares. JPMorgan Chase & Co. cut their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a research report on Thursday, September 12th. TD Securities cut their price objective on shares of Vermilion Energy from C$20.00 to C$18.00 in a research report on Tuesday, October 1st. BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$20.00 to C$16.00 in a research report on Friday, October 4th. Canaccord Genuity Group dropped their price target on shares of Vermilion Energy from C$20.50 to C$20.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th.

Vermilion Energy Trading Down 0.4 %

Shares of TSE:VET opened at C$13.43 on Thursday. Vermilion Energy has a 52-week low of C$11.87 and a 52-week high of C$20.75. The company has a market capitalization of C$2.09 billion, a P/E ratio of -2.63, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a 50-day simple moving average of C$13.44 and a 200 day simple moving average of C$14.94. 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 issued its earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The firm had revenue of C$478.93 million during the quarter, compared to analyst estimates of C$514.63 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. Sell-side analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a yield of 3.57%. Vermilion Energy’s dividend payout ratio (DPR) is -9.39%.

Insider Activity at Vermilion Energy

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the firm’s 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 currently owned by insiders.

Vermilion Energy Company Profile

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.