Vermilion Energy (TSE:VET) Reaches New 52-Week Low - Here's Why

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$8.66 and last traded at C$8.68, with a volume of 1217467 shares traded. The stock had previously closed at C$10.29.

Analysts Set New Price Targets

VET has been the subject of several analyst reports. BMO Capital Markets reduced their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. ATB Capital cut their price target on shares of Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating for the company in a report on Monday, December 30th. National Bankshares boosted their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. TD Securities decreased their price target on Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Finally, Desjardins downgraded Vermilion Energy from a "buy" rating to a "hold" rating and reduced their target price for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Vermilion Energy currently has an average rating of "Moderate Buy" and an average target price of C$17.06.

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Vermilion Energy Stock Up 20.3 %

The stock has a 50-day simple moving average of C$11.62 and a 200-day simple moving average of C$13.02. The company has a market cap of C$1.44 billion, a price-to-earnings ratio of -1.75, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.13 dividend. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 5.60%. Vermilion Energy's payout ratio is -9.03%.

About Vermilion Energy

Vermilion Energy Inc is an international oil and gas producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas.