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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) fell 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. 1,567,002 shares changed hands 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. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. TD Securities lowered their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. BMO Capital Markets cut their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. National Bankshares upped their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Desjardins lowered Vermilion Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Trading Up 5.4 %

The company has a market cap 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 business has a fifty day simple moving average of C$11.42 and a 200 day simple moving average of C$12.95. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis 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 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.