Vermilion Energy (TSE:VET) Price Target Cut to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective decreased by National Bankshares from C$23.00 to C$17.00 in a research report sent to investors on Friday morning, BayStreet.CA reports.

VET has been the topic of several other reports. JPMorgan Chase & Co. cut their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Desjardins lowered their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 and set a buy rating for the company in a research note on Tuesday, August 6th. Canaccord Genuity Group reduced their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a report on Thursday, August 1st. 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. Finally, BMO Capital Markets dropped their target price on shares of Vermilion Energy from C$21.00 to C$20.00 in a research report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$20.25.

Vermilion Energy Trading Up 1.1 %

Vermilion Energy stock opened at C$13.01 on Friday. The firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of -2.55, a P/E/G ratio of -0.02 and a beta of 2.62. Vermilion Energy has a 12-month low of C$11.87 and a 12-month high of C$21.30. The firm has a 50 day moving average of C$13.54 and a 200 day moving average of C$15.17. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data 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). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The firm had revenue of C$478.93 million for the quarter, compared to analysts’ expectations of C$514.63 million. As a group, research analysts predict that Vermilion Energy will post 1.3855165 earnings per share for the current year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 annualized dividend and a dividend yield of 3.69%. Vermilion Energy’s dividend payout ratio is presently -9.39%.

Insider Buying and Selling

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by company 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.