Vermilion Energy (TSE:VET) PT Lowered to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target reduced by Royal Bank of Canada from C$20.00 to C$17.00 in a report published on Tuesday morning, BayStreet.CA reports.

VET has been the topic of several other reports. Desjardins lowered their price target on shares of Vermilion Energy from C$21.00 to C$20.00 and set a buy rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. BMO Capital Markets decreased their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 in a research report on Wednesday, July 3rd. Finally, Canaccord Genuity Group decreased their price objective on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$20.67.

Vermilion Energy Price Performance

The stock’s fifty day moving average price is C$13.75 and its two-hundred day moving average price is C$15.25. The company has a market capitalization of C$2.06 billion, a PE ratio of -2.56, a price-to-earnings-growth ratio of -0.02 and a beta of 2.62. Vermilion Energy has a 52-week low of C$11.87 and a 52-week high of C$21.30. The company has a current ratio of 1.09, a quick ratio of 0.40 and a debt-to-equity ratio of 36.63.

Vermilion Energy (TSE:VET) (NYSE:VET) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. The company had revenue of C$478.93 million for the quarter, compared to analyst estimates of C$514.63 million. On average, research analysts anticipate that Vermilion Energy will post 1.9130435 EPS for the current fiscal year.

Vermilion Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of ∞. Vermilion Energy’s dividend payout ratio (DPR) is currently -9.50%.

Insider Buying and Selling at Vermilion Energy

In other news, Director Myron Maurice Stadnyk bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by company insiders.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.