Vermilion Energy (TSE:VET) Shares Down 13.8% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price was down 13.8% during trading on Friday 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$8.01. Approximately 1,567,002 shares traded hands during mid-day trading, an increase of 102% from the average daily volume of 776,429 shares. The stock had previously closed at C$9.29.

VET has been the subject of several other reports. ATB Capital decreased their price target 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. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. 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. BMO Capital Markets reduced their price target on Vermilion Energy from C$16.00 to C$14.00 in a research report on Thursday, March 6th. Finally, TD Securities decreased their price target 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Trading Up 5.4 %

The stock’s 50 day simple moving average is C$11.42 and its 200 day simple moving average is C$12.95. The firm has a market cap of C$1.31 billion, a PE ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.16%. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. Vermilion Energy’s payout ratio 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.