Brokerages Set Vermilion Energy Inc. (TSE:VET) PT at C$19.36

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$19.36.

A number of equities analysts have recently commented on VET shares. BMO Capital Markets downgraded shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. TD Securities decreased their price target on Vermilion Energy from C$20.00 to C$18.00 in a report on Tuesday, October 1st. JPMorgan Chase & Co. decreased their price objective on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Desjardins lowered their target price on shares of Vermilion Energy from C$21.00 to C$20.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada dropped their price target on Vermilion Energy from C$20.00 to C$17.00 in a research report on Tuesday, September 17th.

Vermilion Energy Stock Performance

Shares of TSE VET opened at C$13.97 on Monday. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09. The business’s 50-day simple moving average is C$13.32 and its 200-day simple moving average is C$14.49. The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of -2.73, a P/E/G ratio of -0.02 and a beta of 2.60. Vermilion Energy has a 52 week low of C$11.87 and a 52 week high of C$18.37.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its earnings results on Wednesday, November 6th. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.12). Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. The company had revenue of C$490.10 million for the quarter, compared to analyst estimates of C$497.45 million. As a group, equities research analysts expect that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Vermilion Energy’s dividend payout ratio is currently -9.39%.

Insider Buying and Selling at Vermilion Energy

In related news, Director Myron Maurice Stadnyk purchased 5,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were purchased at an average cost of C$13.54 per share, with a total value of C$67,700.00. Corporate insiders own 0.16% of the company’s stock.

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.