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

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's stock price was down 13.8% 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. Approximately 1,567,002 shares changed hands during trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

VET has been the topic of several other research reports. Desjardins lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating and dropped their price objective for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. BMO Capital Markets reduced their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Royal Bank of Canada cut their target price 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. Atb Cap Markets downgraded shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. Finally, TD Securities decreased their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating for the company in a research report on Friday, December 20th. 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.com, Vermilion Energy currently has an average rating of "Moderate Buy" and an average price target of C$16.75.

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Vermilion Energy Price Performance

The firm has a 50-day simple moving average of C$11.34 and a 200-day simple moving average of C$12.92. 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 firm has a market capitalization of C$1.32 billion, a PE ratio of -1.61, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 6.08%. Vermilion Energy's 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.