Vermilion Energy (TSE:VET) Trading Down 13.8% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price traded down 13.8% on Thursday 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 traded hands during trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

VET has been the topic of several other research reports. Royal Bank of Canada dropped their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Monday, December 30th. TD Securities lowered their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. ATB Capital cut their price objective on 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 downgraded shares of Vermilion Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Finally, Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Vermilion Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Stock Performance

The company has a market cap of C$1.31 billion, a P/E ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The stock has a 50 day moving average price of C$11.42 and a two-hundred day moving average price of C$12.95. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.13 per share. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 6.16%. Vermilion Energy’s dividend payout ratio (DPR) is presently -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.