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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) shares were down 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.

Other equities research analysts also recently issued reports about the company. ATB Capital decreased their price objective on Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Monday, December 30th. TD Securities decreased their target price 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. National Bankshares lifted their price objective on Vermilion Energy from C$18.00 to C$19.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets lowered their target price on Vermilion Energy from C$16.00 to C$14.00 in a report on Thursday, March 6th. Finally, Atb Cap Markets lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$16.75.

Vermilion Energy Stock Down 13.8 %

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 stock’s fifty day simple moving average is C$11.62 and its 200-day simple moving average is C$13.02. The stock has a market capitalization of C$1.24 billion, a PE ratio of -1.51, a P/E/G ratio of -0.02 and a beta of 2.60.

Vermilion Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a yield of 6.49%. Vermilion Energy’s dividend payout ratio is -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.