Vermilion Energy (TSE:VET) Stock Price Down 13.8% Following Analyst Downgrade

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) were down 13.8% on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.01. Approximately 1,567,002 shares were traded during trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

Several other research firms also recently weighed in on VET. BMO Capital Markets reduced their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. ATB Capital cut 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 report on Monday, December 30th. Desjardins cut shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, TD Securities reduced their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Performance

The business has a fifty day moving average price of C$11.42 and a 200-day moving average price of C$12.95. The stock has a market capitalization of C$1.31 billion, a P/E ratio of -1.59, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.13 dividend. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. Vermilion Energy’s dividend payout ratio is currently -9.03%.

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.