Vermilion Energy (TSE:VET) Trading Down 13.8% on Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 13.8% during mid-day trading on Friday after CIBC lowered their price target on the stock from C$17.00 to C$14.00. The company traded as low as C$7.83 and last traded at C$8.01. 1,567,002 shares traded hands during trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

Several other research firms also recently issued reports on VET. ATB Capital decreased their price objective on shares of Vermilion Energy from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Monday, December 30th. Atb Cap Markets downgraded Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. Desjardins cut 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 report on Wednesday, March 19th. BMO Capital Markets decreased their target price on Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Finally, TD Securities dropped their price target on Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$16.75.

Vermilion Energy Trading Down 13.8 %

The business’s 50 day moving average price is C$11.52 and its 200-day moving average price is C$12.98. The company has a market cap of C$1.24 billion, a price-to-earnings ratio of -1.51, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a quick ratio of 0.40 and a current ratio of 1.25.

Vermilion Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.12. 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.