Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET's share price fell 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. 1,567,002 shares changed hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.
A number of other brokerages have also weighed in on VET. ATB Capital decreased their target price on 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. Desjardins downgraded Vermilion Energy from a "buy" rating to a "hold" rating and dropped their price target for the stock from C$19.00 to C$14.00 in a research note 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 report on Thursday, March 6th. National Bankshares raised their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Atb Cap Markets lowered shares of Vermilion Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vermilion Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.75.
Get Our Latest Research Report on Vermilion Energy
Vermilion Energy Stock Performance
The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of -1.61, a PEG ratio of -0.02 and a beta of 2.60. The firm's 50-day moving average price is C$11.34 and its two-hundred 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.
Vermilion Energy Increases Dividend
The business 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 dividend of $0.13 per share. The ex-dividend date is Monday, March 31st. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.07%. Vermilion Energy's dividend payout ratio (DPR) is currently -9.03%.
About Vermilion Energy
(
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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.
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