CIBC Cuts Vermilion Energy (TSE:VET) Price Target to C$14.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by CIBC from C$17.00 to C$14.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other brokerages have also recently weighed in on VET. Desjardins cut Vermilion Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, December 30th. BMO Capital Markets reduced their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. National Bankshares lifted their target price on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, TD Securities reduced their target price on 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Stock Up 5.4 %

VET stock opened at C$8.44 on Thursday. The firm has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. Vermilion Energy has a twelve month low of C$7.29 and a twelve month high of C$17.56. The stock’s 50 day moving average is C$11.42 and its 200-day moving average is C$12.95.

Vermilion Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.13 per share. This is an increase 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 is presently -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.