Vermilion Energy (TSE:VET) Stock Price Down 6.5% – What’s Next?

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) was down 6.5% during trading on Tuesday . The company traded as low as C$8.04 and last traded at C$8.09. Approximately 1,042,573 shares traded hands during trading, an increase of 45% from the average daily volume of 720,085 shares. The stock had previously closed at C$8.65.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. TD Securities lowered their target price on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada lowered their price target on Vermilion Energy from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Monday, December 30th. Atb Cap Markets cut shares of 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 on the stock in a research report on Monday, December 30th. Finally, BMO Capital Markets dropped their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$17.06.

Vermilion Energy Stock Down 10.8 %

The stock has a 50-day moving average of C$12.03 and a 200-day moving average of C$13.14. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40. The firm has a market cap of C$1.20 billion, a price-to-earnings ratio of -1.45, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The company also recently announced 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 is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 6.74%. The ex-dividend date is Monday, March 31st. Vermilion Energy’s dividend payout ratio (DPR) is currently -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.