Vermilion Energy (TSE:VET) Stock Price Down 14.4% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s stock price dropped 14.4% 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$7.95. Approximately 867,089 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 762,131 shares. The stock had previously closed at C$9.29.

VET has been the topic of a number of other research reports. Desjardins lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. BMO Capital Markets lowered their price target on shares of Vermilion Energy from C$16.00 to C$14.00 in a report 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 note on Friday, December 20th. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada cut their target price on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a report on Monday, December 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vermilion Energy currently has an average rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Up 5.4 %

The business has a 50-day moving average price of C$11.42 and a 200-day moving average price of C$12.95. The stock has a market cap of C$1.31 billion, a PE ratio of -1.59, a price-to-earnings-growth 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.

Vermilion Energy Increases Dividend

The business also recently announced 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 is a positive change 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 dividend yield of 6.16%. Vermilion Energy’s dividend payout ratio (DPR) is -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.