Vermilion Energy (TSE:VET) Trading Down 13.8% on Analyst Downgrade

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

VET has been the topic of several other reports. Royal Bank of Canada dropped 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. ATB Capital dropped their price objective on shares of 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. Desjardins lowered shares of Vermilion Energy from a "buy" rating to a "hold" rating and lowered their target price for the company from C$19.00 to C$14.00 in a report on Wednesday, March 19th. National Bankshares upped 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. Finally, TD Securities lowered their price objective on Vermilion Energy from C$18.00 to C$17.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$16.75.

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Vermilion Energy Stock Down 2.0 %

The company'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 debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The stock has a market cap of C$1.32 billion, a PE ratio of -1.61, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

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