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

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price dropped 13.8% during 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. 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.

Other research analysts have also issued reports about the company. National Bankshares boosted their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Royal Bank of Canada dropped their price objective 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 report on Monday, December 30th. BMO Capital Markets reduced their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Atb Cap Markets lowered shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 13th. Finally, ATB Capital cut their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an "outperform" rating for the company in a research report on Monday, December 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$16.75.

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Vermilion Energy Stock Down 2.0 %

The stock has a 50-day moving average of C$11.25 and a 200-day moving average of C$12.88. 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 cap of C$1.32 billion, a price-to-earnings 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. This is a positive change from Vermilion Energy's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 6.09%. The ex-dividend date 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.