Vermilion Energy (TSE:VET) Price Target Raised to C$21.00 at Desjardins

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target hoisted by Desjardins from C$20.00 to C$21.00 in a research report released on Tuesday, BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

VET has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on Vermilion Energy from C$23.00 to C$21.00 and set an overweight rating on the stock in a research note on Friday, March 8th. TD Securities raised shares of Vermilion Energy from a hold rating to a buy rating and lifted their price objective for the company from C$18.00 to C$20.00 in a research report on Wednesday, March 27th. CIBC lowered their price objective on shares of Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating on the stock in a research note on Tuesday, January 16th. ATB Capital cut their price objective on Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating for the company in a research report on Thursday, January 18th. Finally, Royal Bank of Canada lifted their target price on Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$21.54.

Vermilion Energy Stock Up 1.2 %

Vermilion Energy stock opened at C$16.42 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.40 and a debt-to-equity ratio of 31.93. Vermilion Energy has a 1-year low of C$13.30 and a 1-year high of C$21.60. The company has a fifty day simple moving average of C$15.86 and a 200 day simple moving average of C$16.52. The company has a market cap of C$2.66 billion, a P/E ratio of -11.32, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, March 6th. The company reported C$1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.71 by C$0.59. Vermilion Energy had a negative return on equity of 7.39% and a negative net margin of 12.98%. The business had revenue of C$522.97 million for the quarter, compared to the consensus estimate of C$593.34 million. Research analysts anticipate that Vermilion Energy will post 1.8666667 earnings per share for the current fiscal year.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a yield of 2.92%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.10. Vermilion Energy’s payout ratio is currently -33.10%.

Insiders Place Their Bets

In other Vermilion Energy news, Director Robert B. Michaleski purchased 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of C$14.94 per share, for a total transaction of C$149,400.00. In related news, Director Robert B. Michaleski purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of C$14.94 per share, for a total transaction of C$149,400.00. Also, Director Myron Maurice Stadnyk purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost of C$16.10 per share, with a total value of C$48,300.00. Company insiders own 0.15% of the company’s stock.

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.