Vermilion Energy (TSE:VET) Stock Price Down 13.8% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price traded down 13.8% 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.

A number of other analysts have also weighed in on the company. Royal Bank of Canada lowered their target price on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Monday, December 30th. BMO Capital Markets lowered their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Desjardins downgraded Vermilion Energy from a “buy” rating to a “hold” rating and dropped their price target for the company from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. ATB Capital cut their price objective 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. Finally, TD Securities reduced 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 report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Trading Up 5.4 %

The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -1.59, a price-to-earnings-growth ratio of -0.02 and a beta of 2.60. The company’s 50-day moving average price is C$11.42 and its 200-day moving average price 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.

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 given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.16%. The ex-dividend date is Monday, March 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s dividend payout ratio (DPR) is -9.03%.

Vermilion Energy Company Profile

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.