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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) dropped 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. Approximately 1,567,002 shares changed hands during trading, an increase of 102% from the average daily volume of 776,431 shares. The stock had previously closed at C$9.29.

VET has been the subject of several other research reports. BMO Capital Markets cut their price target on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Desjardins lowered shares of 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 research report on Wednesday, March 19th. TD Securities lowered their price target on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada dropped their price target on shares of 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. Finally, National Bankshares lifted their price objective on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Stock Up 5.4 %

The company’s 50 day simple moving average is C$11.42 and its 200-day simple moving average is C$12.95. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25. The firm has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend 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.