Canaccord Genuity Group Raises Vermilion Energy (TSE:VET) Price Target to C$20.50

Vermilion Energy (TSE:VET) (NYSE:VET) had its target price lifted by Canaccord Genuity Group from C$20.00 to C$20.50 in a research note released on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also weighed in on the stock. TD Securities upgraded shares of Vermilion Energy from a hold rating to a buy rating and lifted their price objective for the company from C$18.00 to C$20.00 in a research note on Wednesday, March 27th. Royal Bank of Canada lifted their price objective on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Tuesday, April 9th. ATB Capital lowered their price objective on shares of Vermilion Energy from C$27.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, January 18th. CIBC decreased their price target on shares of Vermilion Energy from C$26.00 to C$22.00 and set a neutral rating for the company in a research note on Tuesday, January 16th. Finally, National Bankshares boosted their price target on shares of Vermilion Energy from C$20.00 to C$21.00 in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Vermilion Energy presently has an average rating of Moderate Buy and an average price target of C$21.88.

Vermilion Energy Stock Down 2.5 %

Shares of TSE VET opened at C$16.25 on Wednesday. The company has a market capitalization of C$2.64 billion, a P/E ratio of -11.21, a price-to-earnings-growth ratio of -0.02 and a beta of 2.71. Vermilion Energy has a 52-week low of C$13.30 and a 52-week high of C$21.60. The company has a debt-to-equity ratio of 31.93, a quick ratio of 0.40 and a current ratio of 1.18. The company’s 50 day moving average price is C$15.70 and its 200-day moving average price is C$16.59.

Vermilion Energy (TSE:VET) (NYSE:VET) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$1.30 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.59. The company had revenue of C$522.97 million during the quarter, compared to analyst estimates of C$593.34 million. Vermilion Energy had a negative net margin of 12.98% and a negative return on equity of 7.39%. Equities analysts forecast that Vermilion Energy will post 1.8666667 earnings per share for the current year.

Vermilion Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.12 dividend. This is a positive change from Vermilion Energy’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 annualized dividend and a dividend yield of 2.95%. Vermilion Energy’s dividend payout ratio is presently -33.10%.

Insider Transactions at Vermilion Energy

In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. In other news, Senior Officer Jenson Jit-Chang Tan sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of C$16.50, for a total value of C$825,000.00. Also, Director Myron Maurice Stadnyk bought 3,000 shares of Vermilion Energy stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of C$16.10 per share, with a total value of C$48,300.00. Company insiders own 0.15% of the company’s stock.

About Vermilion Energy

Vermilion Energy Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of petroleum and natural gas. The company has properties in West Central Alberta, southeast Saskatchewan, Manitoba, and West Pembina in Canada; Wyoming in the United States; southwest Bordeaux and Paris Basin in France; the Netherlands; Germany; Ireland; Croatia; Slovakia; and Australia.