TD Securities Lowers Vermilion Energy (TSE:VET) Price Target to C$17.00

Vermilion Energy (TSE:VET) (NYSE:VET) had its price target trimmed by TD Securities from C$18.00 to C$17.00 in a research report report published on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on VET. BMO Capital Markets cut shares of Vermilion Energy from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from C$20.00 to C$16.00 in a research report on Friday, October 4th. National Bankshares reduced their price target on Vermilion Energy from C$23.00 to C$17.00 in a report on Friday, September 27th. JPMorgan Chase & Co. dropped their price objective on Vermilion Energy from C$18.00 to C$15.00 in a report on Thursday, September 12th. Royal Bank of Canada reduced their target price on Vermilion Energy from C$20.00 to C$17.00 in a research note on Tuesday, September 17th. Finally, Canaccord Genuity Group dropped their price target on shares of Vermilion Energy from C$20.00 to C$19.00 in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vermilion Energy presently has an average rating of “Moderate Buy” and an average target price of C$19.27.

Vermilion Energy Stock Performance

Shares of TSE:VET opened at C$12.73 on Friday. The company has a market cap of C$1.98 billion, a P/E ratio of -2.49, a PEG ratio of -0.02 and a beta of 2.60. Vermilion Energy has a one year low of C$11.87 and a one year high of C$17.56. The business’s 50-day simple moving average is C$13.67 and its 200 day simple moving average is C$14.06. The company has a debt-to-equity ratio of 36.63, a quick ratio of 0.40 and a current ratio of 1.09.

Vermilion Energy (TSE:VET) (NYSE:VET) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.12). The firm had revenue of C$490.10 million for the quarter, compared to analysts’ expectations of C$497.45 million. Vermilion Energy had a negative net margin of 45.56% and a negative return on equity of 24.83%. On average, sell-side analysts forecast that Vermilion Energy will post 1.3956262 earnings per share for the current fiscal year.

Vermilion Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.77%. Vermilion Energy’s payout ratio is -9.39%.

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.