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

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

VET has been the subject of a number of other research reports. BMO Capital Markets decreased their price target on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. ATB Capital lowered their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research note on Monday, December 30th. Desjardins cut Vermilion Energy from a “buy” rating to a “hold” rating and cut their price target for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada decreased their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Monday, December 30th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Vermilion Energy has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Price Performance

The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The company has a 50-day simple moving average of C$11.42 and a 200-day simple moving average of C$12.95. The stock has a market cap of C$1.31 billion, a PE ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.13 dividend. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 6.16%. Vermilion Energy’s dividend payout ratio (DPR) is -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.