Vermilion Energy (TSE:VET) Stock Price Down 13.8% After Analyst Downgrade

Shares of Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET traded down 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 traded hands during mid-day trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

Several other research firms have also recently issued reports on VET. TD Securities reduced their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. BMO Capital Markets cut their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. National Bankshares increased their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Royal Bank of Canada decreased their price objective on Vermilion Energy from C$17.00 to C$16.00 and set a "sector perform" rating on the stock in a report on Monday, December 30th. Finally, Atb Cap Markets cut shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$16.75.

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Vermilion Energy Trading Down 2.0 %

The stock's 50 day moving average price is C$11.34 and its 200-day moving average price is C$12.92. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The stock has a market capitalization of C$1.32 billion, a P/E ratio of -1.61, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

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