Vermilion Energy (TSE:VET) Upgraded by JPMorgan Chase & Co. to “Overweight”

JPMorgan Chase & Co. upgraded shares of Vermilion Energy (TSE:VETGet Rating) (NYSE:VET) from a neutral rating to an overweight rating in a research report report published on Tuesday, BayStreet.CA reports.

Several other brokerages also recently commented on VET. Stifel Nicolaus dropped their target price on Vermilion Energy from C$42.00 to C$37.00 in a report on Tuesday, January 10th. CIBC reduced their price objective on Vermilion Energy from C$36.00 to C$26.00 in a research report on Tuesday, January 17th. TD Securities cut their target price on Vermilion Energy from C$35.00 to C$29.00 and set a buy rating on the stock in a research note on Thursday, March 9th. Raymond James cut their target price on Vermilion Energy from C$38.00 to C$31.00 and set an outperform rating on the stock in a research note on Monday, January 16th. Finally, Scotiabank dropped their price target on shares of Vermilion Energy from C$40.00 to C$32.00 in a research report on Monday, January 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$32.18.

Vermilion Energy Stock Up 1.9 %

VET stock opened at C$18.36 on Tuesday. Vermilion Energy has a one year low of C$17.49 and a one year high of C$39.21. The company has a 50 day moving average price of C$19.56 and a two-hundred day moving average price of C$25.48. The stock has a market capitalization of C$3.00 billion, a P/E ratio of 2.49, a PEG ratio of -0.02 and a beta of 2.91. The company has a debt-to-equity ratio of 33.31, a quick ratio of 0.40 and a current ratio of 0.80.

Vermilion Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.18%. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.08. Vermilion Energy’s dividend payout ratio (DPR) is 4.35%.

About Vermilion Energy

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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. The company owns 81% working interest in 636,714 net acres of developed land and 85% working interest in 301,026 net acres of undeveloped land in Canada; 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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