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

Vermilion Energy Inc. (TSE:VET) (NYSE:VET) traded down 13.8% on Friday 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 were traded 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.

Other research analysts have also recently issued research reports about the company. TD Securities cut their target price 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. Desjardins lowered shares of Vermilion Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$19.00 to C$14.00 in a research note on Wednesday, March 19th. Atb Cap Markets lowered shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 13th. National Bankshares boosted their price target on shares of Vermilion Energy from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets decreased their price objective on shares of Vermilion Energy from C$16.00 to C$14.00 in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$16.75.

Vermilion Energy Trading Up 5.4 %

The stock’s 50 day simple moving average is C$11.42 and its two-hundred day simple moving average is C$12.95. The stock has a market capitalization of C$1.31 billion, a PE ratio of -1.59, a PEG ratio of -0.02 and a beta of 2.60. The company has a debt-to-equity ratio of 35.61, a current ratio of 1.25 and a quick ratio of 0.40.

Vermilion Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.16%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Vermilion Energy’s previous quarterly dividend of $0.12. Vermilion Energy’s 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.