Vermilion Energy (TSE:VET) Shares Down 13.8% Following Analyst Downgrade

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET fell 13.8% during trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares traded 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 research analysts have also issued reports about the stock. Atb Cap Markets lowered shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Royal Bank of Canada lowered their price target on Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a research report 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 on the stock in a research note on Friday, December 20th. BMO Capital Markets decreased their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Finally, Desjardins downgraded Vermilion Energy from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Vermilion Energy has a consensus rating of "Moderate Buy" and a consensus target price of C$16.75.

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Vermilion Energy Stock Down 2.0 %

The firm has a market capitalization of C$1.32 billion, a price-to-earnings ratio of -1.61, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The business has a 50 day moving average of C$11.25 and a 200 day moving average of C$12.88. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be paid a $0.13 dividend. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.09%. Vermilion Energy's dividend payout ratio is currently -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.