Vermilion Energy (TSE:VET) Price Target Raised to C$16.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price increased by Royal Bank of Canada from C$14.00 to C$16.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other analysts have also recently issued reports about the company. CIBC dropped their price target on Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday, April 10th. BMO Capital Markets dropped their target price on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. JPMorgan Chase & Co. raised their price target on Vermilion Energy from C$10.00 to C$11.00 in a report on Wednesday, April 23rd. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Finally, Desjardins downgraded shares of 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 note on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$15.17.

Vermilion Energy Stock Up 2.4 %

Shares of TSE:VET opened at C$8.94 on Thursday. The firm has a market capitalization of C$1.38 billion, a P/E ratio of -1.68, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The stock has a 50 day moving average price of C$9.85 and a 200-day moving average price of C$12.28. Vermilion Energy has a 52-week low of C$7.29 and a 52-week high of C$17.15.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.13 per share. The ex-dividend date was Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 5.82%. Vermilion Energy’s payout ratio 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.