Vermilion Energy Inc. (TSE:VET) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Vermilion Energy Inc. (TSE:VETGet Rating) (NYSE:VET) have earned a consensus rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$26.75.

Several analysts have commented on the stock. Raymond James lifted their target price on shares of Vermilion Energy from C$30.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, March 25th. TD Securities boosted their price objective on shares of Vermilion Energy from C$23.00 to C$29.00 and gave the company a “buy” rating in a research note on Tuesday, March 8th. BMO Capital Markets boosted their price objective on shares of Vermilion Energy from C$30.00 to C$35.00 in a research note on Monday, March 14th. National Bank Financial boosted their price objective on shares of Vermilion Energy from C$19.00 to C$30.00 and gave the company an “outperform” rating in a research note on Thursday, January 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Vermilion Energy from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 8th.

In other news, Senior Officer Terrance Gerald Hergott sold 7,329 shares of the firm’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of C$27.03, for a total transaction of C$198,066.96. Following the transaction, the insider now owns 9,872 shares in the company, valued at approximately C$266,791.79.

Shares of TSE VET traded up C$0.85 during midday trading on Wednesday, reaching C$27.24. 1,885,094 shares of the company were exchanged, compared to its average volume of 2,161,351. The company has a current ratio of 0.63, a quick ratio of 0.45 and a debt-to-equity ratio of 83.58. Vermilion Energy has a 1 year low of C$7.06 and a 1 year high of C$30.76. The stock has a fifty day simple moving average of C$24.97 and a 200 day simple moving average of C$18.32. The stock has a market cap of C$4.42 billion and a P/E ratio of 3.91.

Vermilion Energy (TSE:VETGet Rating) (NYSE:VET) last posted its quarterly earnings results on Monday, March 7th. The company reported C$1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.67 by C$0.52. The company had revenue of C$765.92 million for the quarter. As a group, analysts forecast that Vermilion Energy will post 5.5300005 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 18th. Shareholders of record on Thursday, March 31st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, March 30th.

Vermilion Energy Company Profile (Get Rating)

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas in North America, Europe, and Australia. It owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land; 130,715 net acres of land in the Powder River basin in the United States; 96% working interest in 248,873 net acres of developed land and 86% working interest in 134,160 net acres of undeveloped land in the Aquitaine and Paris Basins in France; 53% working interest in 901,791 net acres of land in the Netherlands; 54,625 net developed acres and 920,723 net undeveloped acres in Germany; 975,375 net acres land in Croatia; 946,666 net acres land in Hungary; and 48,954 net acres land in Slovakia.

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Analyst Recommendations for Vermilion Energy (TSE:VET)

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