Vermilion Energy (TSE:VET) PT Lowered to C$19.00 at Canaccord Genuity Group

Vermilion Energy (TSE:VET) (NYSE:VET) had its price objective reduced by Canaccord Genuity Group from C$20.00 to C$19.00 in a research report released on Tuesday, BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. National Bankshares decreased their target price on shares of Vermilion Energy from C$23.00 to C$17.00 in a research note on Friday, September 27th. Royal Bank of Canada dropped their price target on shares of Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th. BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$20.00 to C$16.00 in a research note on Friday, October 4th. Finally, Desjardins dropped their price objective on 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$19.36.

Vermilion Energy Price Performance

Shares of VET stock opened at C$13.79 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. Vermilion Energy has a 12-month low of C$11.87 and a 12-month high of C$20.51. The firm has a fifty day moving average of C$13.40 and a 200-day moving average of C$14.84. The firm has a market capitalization of C$2.15 billion, a price-to-earnings ratio of -2.70, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.95). The firm had revenue of C$478.93 million for the quarter, compared to the consensus estimate of C$514.63 million. Vermilion Energy had a negative return on equity of 24.83% and a negative net margin of 45.56%. On average, equities research analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current year.

Vermilion Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.12 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. Vermilion Energy’s payout ratio is -9.39%.

Insider Activity at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of Vermilion Energy stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of C$13.54 per share, with a total value of C$67,700.00. 0.16% of the stock is currently owned by corporate insiders.

Vermilion Energy Company Profile

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.