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

Shares of Vermilion Energy Inc. (TSE:VET) (NYSE:VET) fell 13.8% during trading on Friday 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 traded hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

Several other research analysts also recently commented on VET. Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. National Bankshares lifted their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. TD Securities lowered their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a research note on Friday, December 20th. ATB Capital cut their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Monday, December 30th. Finally, Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Up 5.4 %

The company’s fifty day simple moving average is C$11.42 and its 200-day simple moving average is C$12.95. 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 firm has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The firm also recently declared 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 represents a $0.52 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.03%.

About Vermilion Energy

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.