Brokerages Set Vermilion Energy Inc. (TSE:VET) PT at C$17.83

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$17.94.

VET has been the subject of several research reports. ATB Capital lowered their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research report on Monday, December 30th. TD Securities lowered their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. Canaccord Genuity Group reduced their price objective on Vermilion Energy from C$20.00 to C$19.00 in a report on Tuesday, October 22nd. Royal Bank of Canada lowered their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. Finally, National Bankshares boosted their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday.

Insiders Place Their Bets

In other news, Director Myron Maurice Stadnyk acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of C$12.92 per share, for a total transaction of C$64,600.00. Company insiders own 0.16% of the company’s stock.

Vermilion Energy Stock Down 2.5 %

TSE VET opened at C$13.39 on Friday. The stock’s 50 day simple moving average is C$13.90 and its 200 day simple moving average is C$13.77. The company has a debt-to-equity ratio of 36.63, a current ratio of 1.09 and a quick ratio of 0.40. Vermilion Energy has a one year low of C$11.84 and a one year high of C$17.56. The firm has a market cap of C$2.09 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last announced its earnings results on Wednesday, November 6th. The company reported C$0.33 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The business had revenue of C$490.10 million during the quarter, compared to analyst estimates of C$497.45 million. As a group, sell-side analysts forecast 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 was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.12 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.58%. Vermilion Energy’s dividend payout ratio is presently -9.39%.

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.