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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 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. 1,567,002 shares traded 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.

Several other research analysts have also issued reports on the stock. TD Securities cut their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. BMO Capital Markets reduced their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note 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 on the stock in a research note on Monday, December 30th. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Desjardins cut Vermilion Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Stock Performance

The stock has a market cap of C$1.31 billion, a P/E ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60. 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’s 50-day simple moving average is C$11.42 and its 200 day simple moving average is C$12.95.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be given a $0.13 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 6.16%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. 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.