Vermilion Energy (TSE:VET) Trading Down 6.8% - Here's What Happened

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET was down 6.8% during mid-day trading on Tuesday . The company traded as low as C$13.06 and last traded at C$13.09. Approximately 272,157 shares traded hands during trading, a decline of 65% from the average daily volume of 774,379 shares. The stock had previously closed at C$14.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VET shares. JPMorgan Chase & Co. reduced their price objective on shares of Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. National Bankshares reduced their price objective on shares of Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. Canaccord Genuity Group reduced 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 report on Thursday, August 1st. BMO Capital Markets cut shares of Vermilion Energy from an "outperform" rating to a "market perform" rating and cut their price target for the stock from C$20.00 to C$16.00 in a report on Friday, October 4th. Finally, Royal Bank of Canada cut their price target on shares of Vermilion Energy from C$20.00 to C$17.00 in a report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$19.75.

Vermilion Energy Trading Down 5.9 %

The firm has a market cap of C$2.06 billion, a P/E ratio of -2.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a quick ratio of 0.40, a current ratio of 1.09 and a debt-to-equity ratio of 36.63. The firm's 50-day simple moving average is C$13.43 and its 200 day simple moving average is C$15.01.

Vermilion Energy (TSE:VET - Get Free Report) NYSE: VET last announced its quarterly earnings data on Wednesday, July 31st. The company reported C($0.52) EPS for the quarter, missing the consensus estimate of C$0.43 by C($0.95). The company had revenue of C$478.93 million during 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%. As a group, analysts expect that Vermilion Energy Inc. will post 1.3956262 earnings per share for the current year.

Vermilion Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th 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 3.63%. The ex-dividend date is Friday, September 27th. Vermilion Energy's payout ratio is currently -9.39%.

Insider Activity at Vermilion Energy

In other Vermilion Energy news, Director Myron Maurice Stadnyk purchased 5,000 shares of the company'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, for a total transaction of C$67,700.00. 0.16% of the stock is currently owned by corporate 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.