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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price dropped 13.8% on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company 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 776,429 shares. The stock had previously closed at C$9.29.

A number of other equities analysts also recently commented on VET. ATB Capital lowered their price objective on 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 lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. TD Securities dropped their target price on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a report on Friday, December 20th. BMO Capital Markets decreased their price target on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Finally, National Bankshares increased their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Vermilion Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.75.

Vermilion Energy Trading Up 5.4 %

The stock has a market capitalization of C$1.31 billion, a price-to-earnings ratio of -1.59, a P/E/G ratio of -0.02 and a beta of 2.60. The company has a fifty day moving average of C$11.42 and a two-hundred day moving average of 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 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. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.52 annualized dividend and a yield of 6.16%. Vermilion Energy’s dividend 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.