Vermilion Energy (TSE:VET) Shares Down 13.6% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 13.6% during trading on Thursday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The stock traded as low as C$7.83 and last traded at C$8.03. 1,385,583 shares changed hands during mid-day trading, an increase of 80% from the average session volume of 771,501 shares. The stock had previously closed at C$9.29.

A number of other analysts also recently issued reports on VET. Atb Cap Markets downgraded shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. National Bankshares increased their target price on shares of 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. Royal Bank of Canada dropped 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 research report on Monday, December 30th. ATB Capital reduced their price target on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. Finally, Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$16.75.

Vermilion Energy Trading Up 5.4 %

The company has a fifty day moving average of C$11.42 and a 200-day moving average of C$12.95. The company has a current ratio of 1.25, a quick ratio of 0.40 and a debt-to-equity ratio of 35.61. The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, March 31st. This is a positive change 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 6.16%. Vermilion Energy’s payout ratio is currently -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.