Vermilion Energy (TSE:VET) Stock Price Down 13.8% Following 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 stock traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares changed 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.

Other analysts have also issued reports about the stock. Royal Bank of Canada cut their price target 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. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. ATB Capital reduced their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a report on Monday, December 30th. National Bankshares boosted their price target on shares of 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Vermilion Energy currently has a consensus rating of "Moderate Buy" and an average target price of C$16.75.

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Vermilion Energy Stock Performance

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

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 paid a dividend of $0.13 per share. 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 annualized dividend and a yield of 6.09%. Vermilion Energy's payout ratio is presently -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.