Vermilion Energy (TSE:VET) Price Target Cut to C$17.00

Vermilion Energy (TSE:VET - Free Report) NYSE: VET had its price target decreased by National Bankshares from C$23.00 to C$17.00 in a research note released on Friday, BayStreet.CA reports.

VET has been the subject of several other reports. Canaccord Genuity Group lowered their target price on shares of Vermilion Energy from C$20.50 to C$20.00 and set a buy rating for the company in a research note on Thursday, August 1st. JPMorgan Chase & Co. dropped their target price on Vermilion Energy from C$18.00 to C$15.00 in a research note on Thursday, September 12th. Desjardins decreased their price target 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. Royal Bank of Canada lowered their price target on Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Finally, BMO Capital Markets cut their price objective on shares of Vermilion Energy from C$21.00 to C$20.00 in a report on Wednesday, July 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$20.25.

Vermilion Energy Price Performance

Vermilion Energy stock traded up C$0.14 during midday trading on Friday, reaching C$13.01. 694,061 shares of the company were exchanged, compared to its average volume of 778,983. The firm's 50-day simple moving average is C$13.54 and its 200-day simple moving average is C$15.17. Vermilion Energy has a 1 year low of C$11.87 and a 1 year high of C$21.30. The company has a market capitalization of C$2.03 billion, a price-to-earnings ratio of -2.55, a P/E/G ratio of -0.02 and a beta of 2.62. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last released its quarterly earnings results on Wednesday, July 31st. The company reported C($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The firm had revenue of C$478.93 million for the quarter, compared to analyst estimates 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, analysts anticipate that Vermilion Energy will post 1.3855165 EPS for the current year.

Vermilion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, September 27th. This represents a $0.48 annualized dividend and a yield of 3.69%. Vermilion Energy's dividend payout ratio is currently -9.39%.

Insider Activity

In related news, Director Myron Maurice Stadnyk acquired 5,000 shares of Vermilion Energy stock in a transaction on Wednesday, August 21st. The shares were bought at an average price of C$13.54 per share, for a total transaction of C$67,700.00. Insiders own 0.16% of the company's stock.

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.