Vermilion Energy (TSE:VET) Trading Down 13.8% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET shares fell 13.8% during mid-day trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares changed hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their price objective on shares of Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a research note on Monday, December 30th. TD Securities dropped their price objective on Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating for the company in a report on Friday, December 20th. Atb Cap Markets downgraded Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. BMO Capital Markets cut their price objective on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Finally, 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 report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Vermilion Energy currently has an average rating of "Moderate Buy" and a consensus target price of C$16.75.

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Vermilion Energy Trading Down 2.0 %

The firm's 50-day simple moving average is C$11.25 and its 200 day simple moving average is C$12.88. The stock has a market cap of C$1.32 billion, a P/E ratio of -1.61, a PEG 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a $0.13 dividend. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy's dividend payout ratio (DPR) is currently -9.03%.

Vermilion Energy Company Profile

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.