Brokerages Set Vermilion Energy Inc. (TSE:VET) Target Price at C$14.89

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$14.89.

A number of equities analysts have weighed in on VET shares. Desjardins raised Vermilion Energy from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$11.00 to C$11.50 in a report on Friday, June 6th. BMO Capital Markets reduced their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped their price objective on Vermilion Energy from C$10.00 to C$11.00 in a research report on Wednesday, April 23rd. CIBC dropped their price objective on shares of Vermilion Energy from C$17.00 to C$14.00 in a research note on Thursday, April 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Vermilion Energy from C$14.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, May 8th.

Insider Activity

In related news, Senior Officer Randy Lee Ernest Mcquaig purchased 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of C$8.85 per share, with a total value of C$31,860.00. Insiders own 0.16% of the company’s stock.

Vermilion Energy Trading Up 1.9%

Shares of Vermilion Energy stock opened at C$10.24 on Tuesday. Vermilion Energy has a 1 year low of C$7.29 and a 1 year high of C$15.70. 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 stock has a market cap of C$1.59 billion, a PE ratio of -1.93, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The firm has a fifty day moving average price of C$9.52 and a 200 day moving average price of C$11.36.

Vermilion Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, June 30th. Vermilion Energy’s payout ratio is -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.