Vermilion Energy (TSE:VET) Stock Price Down 2.2% - Here's Why

Vermilion Energy Inc. (TSE:VET - Get Free Report) NYSE: VET fell 2.2% during mid-day trading on Tuesday . The stock traded as low as C$8.45 and last traded at C$8.46. 642,161 shares traded hands during trading, a decline of 9% from the average session volume of 709,458 shares. The stock had previously closed at C$8.65.

Analyst Ratings Changes

VET has been the topic of several analyst reports. Atb Cap Markets downgraded Vermilion Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 13th. BMO Capital Markets lowered their price objective on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. TD Securities dropped 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. Desjardins downgraded shares of Vermilion Energy from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Finally, CIBC dropped their price target on shares of Vermilion Energy from C$17.00 to C$14.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$16.75.

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Vermilion Energy Stock Up 5.4 %

The company's fifty day simple moving average is C$11.42 and its 200 day simple moving average is C$12.95. The company has a quick ratio of 0.40, a current ratio of 1.25 and a debt-to-equity ratio of 35.61. The firm has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a price-to-earnings-growth 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. Stockholders of record on Tuesday, April 15th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Vermilion Energy's previous quarterly dividend of $0.12. Vermilion Energy's dividend payout ratio (DPR) 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.