Vermilion Energy (TSE:VET) Price Target Raised to C$22.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective boosted by Stifel Nicolaus from C$20.25 to C$22.00 in a report issued on Tuesday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Desjardins cut their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating on the stock in a research report on Friday, March 22nd. Royal Bank of Canada boosted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. National Bankshares upped their target price on shares of Vermilion Energy from C$21.00 to C$22.00 and gave the stock an outperform rating in a research note on Friday, April 19th. Canaccord Genuity Group upped their target price on shares of Vermilion Energy from C$20.00 to C$20.50 and gave the stock a buy rating in a research note on Wednesday, April 17th. Finally, Raymond James cut their price target on shares of Vermilion Energy from C$26.00 to C$24.00 and set an outperform rating on the stock in a report on Friday, January 19th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy has a consensus rating of Moderate Buy and an average target price of C$21.54.

Vermilion Energy Price Performance

VET stock opened at C$16.45 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.18 and a debt-to-equity ratio of 31.93. Vermilion Energy has a 12 month low of C$13.30 and a 12 month high of C$21.60. The firm has a market cap of C$2.67 billion, a P/E ratio of -11.34, a P/E/G ratio of -0.02 and a beta of 2.71. The company’s 50-day moving average price is C$15.94 and its two-hundred day moving average price is C$16.52.

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

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 2.92%. Vermilion Energy’s dividend payout ratio is currently -33.10%.

Insider Activity

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of C$16.50, for a total transaction of C$825,000.00. In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 3,000 shares of Vermilion Energy stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of C$16.10 per share, for a total transaction of C$48,300.00. Also, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total transaction of C$825,000.00. Company insiders own 0.15% of the company’s stock.

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.