Vermilion Energy (TSE:VET) Shares Down 3.6% - Here's Why

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price traded down 3.6% during mid-day trading on Tuesday . The company traded as low as C$8.34 and last traded at C$8.34. 834,639 shares were traded during mid-day trading, an increase of 16% from the average session volume of 717,698 shares. The stock had previously closed at C$8.65.

Analyst Ratings Changes

Several brokerages have recently commented on VET. BMO Capital Markets lowered their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Atb Cap Markets lowered Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. TD Securities cut 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 report on Friday, December 20th. ATB Capital reduced their target price on Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a research note on Monday, December 30th. Finally, National Bankshares raised their price target on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from 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 Up 5.4 %

The stock's fifty day moving average price is C$11.42 and its 200 day moving average price is C$12.95. The stock has a market cap of C$1.31 billion, a P/E ratio of -1.59, 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 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. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 6.16%. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.12. Vermilion Energy's payout ratio is presently -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.