Vermilion Energy (TSE:VET) Trading Down 14.3% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 14.3% during mid-day trading on Thursday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.91 and last traded at C$7.96. 570,181 shares were traded during mid-day trading, a decline of 25% from the average session volume of 759,790 shares. The stock had previously closed at C$9.29.

A number of other equities research analysts have also weighed in on the company. Atb Cap Markets lowered Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. TD Securities reduced their price target 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. Desjardins downgraded 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. Royal Bank of Canada decreased their price target on shares of Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Monday, December 30th. Finally, National Bankshares lifted their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Trading Up 5.4 %

The firm’s 50-day moving average price is C$11.42 and its 200 day moving average price is C$12.95. The company has a market cap 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 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.16%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. Vermilion Energy’s dividend payout ratio (DPR) is presently -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.