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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares dropped 13.8% 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. Approximately 1,567,002 shares were traded 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 brokerages have also weighed in on VET. BMO Capital Markets decreased their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. TD Securities reduced their price objective 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. Atb Cap Markets cut Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. ATB Capital reduced their price target on shares of 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. Finally, Royal Bank of Canada lowered their price objective 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Performance

The company has a market cap of C$1.31 billion, a PE 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 business’s 50 day moving average is C$11.42 and its two-hundred day 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. 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%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s 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.