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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price fell 13.8% 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$8.01. 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.

Other research analysts have also issued reports about the stock. Desjardins lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and reduced their price target for the company from C$19.00 to C$14.00 in a research report on Wednesday, March 19th. 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 research report on Thursday, January 30th. BMO Capital Markets lowered their price target on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Royal Bank of Canada dropped their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Monday, December 30th. Finally, ATB Capital lowered their target price on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Monday, December 30th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Price Performance

The firm’s 50 day simple moving average is C$11.42 and its two-hundred day simple moving average is C$12.95. 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 capitalization of C$1.31 billion, a P/E ratio of -1.59, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a 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 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.