Vermilion Energy (TSE:VET) Stock Price Down 13.8% After Analyst Downgrade

Vermilion Energy Inc. (TSE:VET) (NYSE:VET)’s share price fell 13.8% 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$8.01. 1,567,002 shares changed hands during mid-day trading, an increase of 102% from the average session volume of 776,429 shares. The stock had previously closed at C$9.29.

A number of other equities analysts have also weighed in on the company. National Bankshares upped their target price on Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets lowered their target price on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Atb Cap Markets cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 13th. Desjardins lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$19.00 to C$14.00 in a report on Wednesday, March 19th. Finally, TD Securities dropped their price objective on shares of Vermilion Energy from C$18.00 to C$17.00 and set a “buy” rating for the company in a report on Friday, December 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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 has a 50 day simple moving average of C$11.52 and a 200 day simple moving average of C$12.98. The firm has a market capitalization of C$1.24 billion, a PE ratio of -1.51, a PEG 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. Investors of record on Tuesday, April 15th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.49%. This is an increase from Vermilion Energy’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Vermilion Energy’s payout ratio 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.